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Amazon’s Stock—and Market Cap—Keeps Rocking Higher
Amazon reached a $3 trillion market cap today.Credit: Marcin Golba / NurPhoto via Getty ImagesKey TakeawaysAmazon’s market cap surpassed $3 trillion for the first time today.Strong earnings and a big rise in Amazon Web Services sales have fueled the stock’s surge lately.Amazon’s hot post-earnings run continued Monday, lifting the tech giant into the $3 trillion market cap club for the first time.Shares of Amazon (AMZN) were recently up about 5% to above $285. That had the company valued at nearly $3.08 trillion, good for fifth on the list of the world’s most valuable public businesses.The…
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