Amazon hit a record high, crossing $3 trillion in market capitalization for the first time after reporting stronger-than-expected earnings driven by robust cloud growth and continued AI services demand. GameStop tumbled more than 12 % after announcing a private exchange of $1.4 billion in convertible senior notes for equity. Merger talks between AstraZeneca and Bristol-Myers Squibb caused AstraZeneca to fall nearly 9 % while Bristol-Myers edged slightly higher. CoreWeave jumped 15 % as traders bought into AI infrastructure plays, with Nebius up 13 % and Vertiv gaining 7 %.
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