Amazon hit a new all-time market capitalization above $3 trillion on Monday. The stock rose roughly 4%, marking its best day since May 5, following a better-than-expected quarterly earnings report. Cloud growth surged in the second quarter, driven by strong artificial intelligence demand. The company reported adjusted earnings per share of $1.97 versus estimates of $1.82, while revenue came in at $200.61 billion compared to analyst estimates of $196.47 billion.
Source: Read the original article
