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Closing Bell
Closing Bell: The Amazon Resurgence 6/26/24
Jun 26, 2024
Financial journalist Kate Rooney and finance professional Stephanie Link discuss Amazon's resurgence and market trends. Deepwater Asset Management's Doug Clinton shares insights on tech stocks, and Seema Mody breaks down Nvidia's shareholder meeting. Topics include Amazon hitting a $2 trillion market cap, market trends for the second half, analysis of Nvidia's stock price action, and challenges in hedge fund strategies.
42:25
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Quick takeaways
- Amazon's stock surpassing $2 trillion market cap affirms strong market position.
- Volkswagen's $5 billion investment in Rivian boosts confidence in the electric vehicle company.
Deep dives
Amazon Stock Hits $2 Trillion Market Cap, Leading the Mega Cap Rally
Amazon's stock reached a significant milestone by surpassing the $2 trillion market cap mark, amidst a broader rally in mega-cap tech companies. This achievement underscores the company's solid performance and strong market position.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode