On Wednesday, for the first time in history, the market value of the American online shopping website Amazon exceeded the two trillion dollar mark.
At the same time, the aforementioned company joined Nvidia, Apple, Alphabet and Microsoft companies with a capitalization of at least two trillion dollars.
Investors have been piling up tech stocks recently as excitement about generative artificial intelligence has reached fever pitch. Nvidia, which makes the server graphics processors that power large artificial intelligence models, was one of the biggest beneficiaries, with its market value rising from $2 trillion to an all-time record $3 trillion in just over three months.
It took Amazon more than four years to reach the $2 trillion mark. Its market cap reached $1 trillion in 2020, the second time in history after doing so for the first time in 2018.
Since the beginning of this year, Amazon shares have risen 27.4 percent, Nvidia – 155.3 percent, Apple – 10.8 percent, Alphabet – 31.6 percent, and Microsoft – 20.2 percent.
