US-based Amazon, one of the largest technology companies in the world, today broke new ground in its 30-year history. The company, founded by Jeff Bezos in 1994, has been among the 10 most valuable companies for years, but has never crossed the 2 trillion threshold.

Today this situation has changed for the first time. technology giant, reached a market value of $2 trillion for the first time in history. reached. At the time of writing, it is currently the 5th most valuable company in the world, with $2.014 trillion. Let’s keep in mind that the company crossed the 1 trillion mark in 2018. So reaching 2 trillion took a bit longer and was a challenge compared to other tech titans. During this period, the stock bottomed out and rose again in 2020.

Shares are up 29% through 2024

Amazon shares managed to cross this threshold, rising about 4% today. Amazon’s current stock price 193.61 dollar. of the company The stock is expected to rise about 29.13% in 2024. let’s point it out.

So what’s the reason for this increase? The biggest factor is that of the company Amazon Web Service (AWS) employ. This service is the world’s largest cloud provider. It accounts for a third of the total market. In the first quarter behind us, $25 billion in revenue was generated from AWS, with an annual increase of 17%. The company’s moves in this area and of course on the artificial intelligence side These steps helped reach $2 trillion.

The 5 most valuable companies in the world are as follows:

1. Microsoft – $3.36 trillion
2. Apple – $3.2 trillion
3. NVIDIA – $3.1 trillion
4. Google – $2.28 trillion
5. Amazon – $2.014 trillion