00:00It's Benzinga, and here's what's on the block.
00:02Amazon has hit a $2 trillion market cap valuation driven by a nearly 4%
00:07stock surge and significant investments in AI. The company's stock has risen 52%
00:12over the past year with AI and cloud computing playing crucial roles in this growth.
00:17AWS is projected to reach $100 billion in annual revenue aided by AI capabilities.
00:23Amazon has invested $4 billion in AI company Anthropic and develops its own AI chips.
00:29Amazon's revenue and profits have grown bolstering investor confidence.
00:33Potential challenges like an FTC antitrust lawsuit are seen as distant concerns by investors.
00:39For all things money, visit Benzinga.com.
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