Amazon enters $3 trillion club as AI optimism sweeps through Wall Street

Aug 3 : Amazon touched a $3 trillion market capitalization for the first time on Monday, joining a handful of Wall Street giants at the top as a wave of renewed artificial intelligence optimism lifted technology stocks to new highs.

Its shares were last up 3.1 per cent at $279, hitting a record high and taking its yearly gains to 17.5 per cent.