[Alpha Biz= Reporter Kim Minyoung] The stock price hit a record high after CEO of Amazon, the world's largest e-commerce company, said he would expand investment in the artificial intelligence sector while cutting costs in an annual shareholder letter.

On the 11th (local time), Amazon recorded $ 189.05, up 1.67% from the previous trading day. This is the highest ever. The previous high was $ 186.57 in July 2021.

As a result, the market capitalization is about to reach $ 1.964 trillion, surpassing $ 2 trillion in market capitalization.

Microsoft (MS), Apple and NVIDIA are the only US companies that have joined the $ 2 trillion club.

 

 

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