Amazon hits $2T in market value for the first time as AI fervor, rate cut bets drive gains

Amazon’s market value surpassed the $2 trillion mark for the first time on Wednesday as optimism around artificial intelligence and potential interest rate cuts this year drove demand for technology-related stocks.The stock rose 3.4% to $192.70, giving the e-commerce giant the fifth company to join the $2 trillion club, following tech behemoths Microsoft, Apple, Nvidia and Alphabet.US stock indexes have notched robust gains this year on relentless enthusiasm around AI, optimism around resilience in the US e ...