(Reuters) – Amazon.com Inc hit $2 trillion in market value on Wednesday, becoming the fifth U.S. company to surpass that level as investors pile into technology-related stocks on optimism around artificial intelligence and potential interest rate cuts.
The stock rose 3.1% to $192.1, giving the e-commerce giant a market value of $2 trillion and putting it in the same club as technology heavyweights Microsoft Corp, Apple Inc, Nvidia Corp and Alphabet.
(Reporting by Shristi Achar A in Bengaluru, Additonal reporting by Akash Sriram; Editing by Shinjini Ganguli)
