Posted 4/11/2024, 7:07:37 PM
Amazon Stock Hits All-Time High, Completes Recovery from 2022 Losses as CEO Touts AI Plans
- Amazon's stock hit a new all-time high on Thursday, completing its recovery from 2022 losses
- The rally coincided with momentum for tech stocks and followed Amazon CEO Andy Jassy's letter about AI potential
- Amazon is less than 2% away from a $2 trillion market cap, compared to under $900 billion at end of 2022
- Amazon shares have rallied 26% this year, outpacing major stock indexes
- Jeff Bezos added $3.3 billion to his $207 billion fortune from Amazon's stock rise, making him the 2nd richest person