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The Nexus
BUSINESSAug 3 · 22:16 UTCSEMAFORJake Angelo

Amazon hits $3 trillion valuation on strong cloud earnings

Amazon's market value reached $3 trillion following strong second-quarter earnings driven by increased demand for its cloud business amid the AI boom. Microsoft and Oracle also exceeded revenue expectations, indicating AI is bolstering growth despite investor concerns about the Iran war, inflation, and AI spending.

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AmazonorganizationMicrosoftorganizationOracleorganizationAItopiccloud businesstopicIran wartopicInflationtopichyperscalerstopic
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