From Pinkvilla: 2024-04-12 04:56:26

Amazon’s stock surged by 2% to a new high of around $190 per share, matching Nasdaq Composite’s 1.6% increase. CEO Andy Jassy boasted about Amazon Web Services driving AI revolution, potentially propelling the company towards a $2 trillion market cap for the first time.

The 26% rise in Amazon shares this year outpaces major indices, indicating a changing investor sentiment towards tech giants. Jeff Bezos, benefitting from the stock surge, added $3.3 billion to his $207 billion wealth, becoming America’s richest and the world’s second richest individual.

Competing with Bezos, Elon Musk briefly became the richest person with a net worth of $197 billion. Fluctuations in stock markets and economic factors continually influence the rankings of top billionaires.



Read more at Pinkvilla: Amazon’s stock rises as much as 2% hitting an all-time high since 2021; Jeff Bezos’ net worth climbs $3.3 billion