Amazon Stock Soars 15.2%: Largest Single-Day Gain in 12 Years Pushes Market Cap Toward $3 Trillion

On July 31st, Amazon's stock price surged 15.2%, marking its largest single-day percentage gain since 2012. The stock closed at $271.255, elevating its market capitalization to approximately $2.92 trillion. This dramatic rise was fueled by second-quarter earnings that significantly surpassed analyst expectations, highlighting robust performance in its core cloud computing and e-commerce segments.

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