Amazon's market value has surpassed $2 trillion for the first time, driven by the AI frenzy and expected interest rate cuts. On Wednesday Eastern Time, the stock price of US technology giant Amazon surged by more than 4% during trading, making its market value exceed $2 trillion for the first time. Google A broke through this milestone in April, while Nvidia, Microsoft, and Apple currently have market capitalization exceeding $3 trillion. It is reported that Amazon is planning a major overhaul of its voice assistant Alexa service, which has been losing money for ten years, by incorporating AI chatbots. This will be Alexa's first major overhaul since its launch in 2014. In addition, Amazon has invested in AI startups such as Aerospace and robotics company Figure, hoping to keep up with competitors in the field of generative AI. Morningstar Investment Service analyst Dan Romanoff believes that part of the reason why Amazon's stock has performed well in the past six to nine months is related to its oversold at the end of 2022.