Amazon sent up its second batch of Kuiper internet satellites from a launchpad on Florida's Space Coast. The satellites took a ride on a United Launch Alliance Atlas V rocket.
Shares of Amazon.com Inc. (NASDAQ:AMZN) lost 1.62% over the past five trading sessions, bringing the e-commerce and cloud storage solutions stock's year-to-date loss to 5.09%.
Artificial intelligence (AI) stocks skyrocketed in 2024 amid excitement about this technology that could revolutionize businesses, saving time and money and leading to important discoveries. These players faced a few difficult months recently due to concerns about a potential economic slowdown.
While investors chase quantum moonshots like Rigetti Computing -- up over 1,100% over the prior 12 months -- and IonQ -- up nearly 500% over the same period -- Amazon (AMZN -1.38%) is quietly building the infrastructure to profit no matter who wins the quantum computing race.
While not all have stayed there, there have been three tech giants that have crossed the $3 trillion market cap threshold: Microsoft, Nvidia, and Apple. The more compelling question now is: which companies are best positioned to be the next to join the $3 trillion club?
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