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Amazon Market Value Crosses $3 Trillion For First Time As Shares Rise 5%
in5points
Amazon's market value crossed $3 trillion for the first time as shares rose 5%.
Quarterly profits exceeded $62 billion, driven by strong growth in AI-related divisions.
Amazon's AI cloud business and AI chips saw significant increases in revenue.
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Who owns this?
Adani Group
Gautam Adani
Acquired by Adani Group in 2022 from the founders.
Wikipedia: Gautam Adani