AMZN - Amazon Hits a $2 Trillion Market Cap. Can It Reach $3 Trillion by the End of the Year?
2024-07-12 04:37:00 ET
Amazon (NASDAQ: AMZN) is the newest member of the $2 trillion club, and there's little reason to expect that the company's market cap won't go higher in the future. On top of being a mammoth e-commerce stock, the company also gives investors a way to invest in artificial intelligence (AI) and cloud computing.
Now valued at more than $2 trillion, the next question is how quickly it can reach a $3 trillion market cap, which would put it alongside the largest companies in the world. Is it possible for Amazon's stock to hit that level before the end of the year?
For Amazon to reach a $3 trillion market cap, it would need to soar by another 50%. That's no small feat, especially with the growth stock already up more than 30% to start the year. But there are potential catalysts that make that a possibility.
For further details see:
Amazon Hits a $2 Trillion Market Cap. Can It Reach $3 Trillion by the End of the Year?