Tech giant and e-commerce company Amazon crossed the $2 trillion market cap and became the fifth  company in the U.S. to reach this valuation around artificial intelligence and potential interest rate cuts  this year. The stock for the company increased by 3.4 percent to $192.70 giving the firm a valuation of  $2 trillion and making it reach in same category as Apple, Nvidia Corp, Microsoft, and Alphabet.  

Moneycontrol mentioned that the U.S. stock indexes showed an increase this year due to more interest  in Artificial intelligence and optimism in the economy which led to an ease in interest rates from the  Federal Reserve. Shares of Amazon increased by 26 percent this time making this e-commerce giant  the fifth biggest U.S. company by valuation. Amazon Web Services is a subsidiary of Amazon that offers  cloud services and is known as the largest cloud services provider in the world. An increase in Artificial  intelligence and the adoption of AI technologies helped the company achieve this valuation. 

Amazon has been investing in various AI and robotics startups to boost AI. Amazon previously  announced its cloud computing arm Amazon Web Service making an investment of $230 million in  early-stage Gen AI startups globally. The program offered early-stage startups with AWS cloud  computing credits and services while providing them tips to integrate and use machine learning and  Artificial intelligence technologies in their applications. 

The growing AI demand in the market requires more usage and growth of cloud service providers like  AWS. Amazon has been working on expanding its cloud credits to enable the use of AI models and  enhance its AI platform. The tech giant has partners including Mistral AI, Meta, Cohere, and Anthropic  with which it is continuously working to increase its market share.  

Conclusion: 

Amazon is a tech giant company that reported a valuation of 2 trillion USD. This makes it the fifth  company in the U.S. to reach this valuation following Microsoft, Apple, Alphabet, and Nvidia Corp. The  stock for the company also increased to $192.70 by 3.4 percent. Last month Amazon reported that its  cloud subsidiary AWS was planning to make an investment of $230 million in gen AI startups  worldwide. The program offered all startups under it free access to Amazon Web Services including  database, computing, storage, and infrastructure. AWS aimed for long-term clients through this  program by assisting early-stage companies to increase in size as more size will increase the need for  cloud storage and services.

The U.S. stock indexes showed an increase this year due to more interest  in Artificial intelligence and optimism in the economy which led to an ease in interest rates from the  Federal Reserve. Amazon has been working on expanding its cloud credits to enable the use of AI  models and enhance its AI platform. Amazon has been investing in various AI and robotics startups to  boost AI. Amazon previously announced that its cloud computing arm Amazon Web Service plans to  invest $230 million in early-stage Gen AI startups globally.