Stocks Making Significant Midday Moves: Amazon Hits $3 Trillion Market Cap as AI Infrastructure Gains Momentum
Several stocks saw significant midday moves on Tuesday. Among the most notable was Amazon, which climbed 5% to a record high and crossed the $3 trillion market cap threshold for the first time following strong cloud growth driven by AI demand. Travel stocks also rose as oil prices declined, with cruise operators Norwegian and Carnival gaining up to nearly 4%, while American Airlines and United each gained about 5%. In the artificial intelligence infrastructure sector, CoreWeave surged over 15% and Nebius advanced more than 13%, reflecting renewed investor interest in AI cloud computing. GameStop shares fell sharply by over 12% after announcing a $1.4 billion convertible note exchange that will not provide cash proceeds to the company. Meanwhile, Corning rose nearly 5% following an upgrade from Truist and AstraZeneca dropped almost 9%, while Bristol-Myers Squibb edged up slightly amid reported merger talks.
Tickers: $AAL $ADBE $AMZN $BMY $CCL $COHR $CRM $CRON $CW $GLW $GME $LITE $NCLH $UAL
Topics: AI infrastructure Amazon GameStop Software sector SpaceX Travel stocks