Amazon shares rise to record high, crossing $2 trillion valuation

Shares of Amazon are catching a bid today, rising 3.1% to an all time high. The climb above $192 along with 10.406 billion shares outstanding puts the company above a $2 trillion market cap for the first time.That\'s against earnings guidance of $10-14 billion in the current quarter and consensus earnings of $5.74 next year. That puts the forward P/E at about 33.5x, which isn\'t crazy in a world that\'s AI-obsessed.Now, is Amazon an AI company? I might argue it\'s the AI company in the long run. The...