๐ Amazon joins the $3 trillion club โ AWS hit $42B quarterly revenue with 37% growth
Amazon crossed the $3 trillion market cap threshold this week, becoming only the fifth company ever to hit that milestone after Apple, Microsoft, Nvidia, and Alphabet. AWS posted $42.2B in Q2 revenue โ its fastest growth in 18 quarters โ and total revenue topped $200B in a single quarter for the first time. The AWS chief called the AI cloud business 'just massive.' Is there any ceiling on cloud and AI infrastructure spending?
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