Amazon.com Inc. has become the second publicly traded company to surpass a $2 trillion market capitalization, fueled by investor enthusiasm over its artificial intelligence (AI) initiatives. The e-commerce giant’s shares have soared more than 50% this year, propelling its market value to a record high. Amazon’s cloud computing division, Amazon Web Services (AWS), has been at the forefront of the company’s AI push, offering AI services and tools to businesses. The company’s AI efforts, including its Alexa virtual assistant and its AI-powered recommendation systems, have also contributed to its growth. Analysts believe that Amazon’s vast trove of customer data and its expertise in machine learning give it a competitive advantage in the AI race. However, the company faces intense competition from tech giants like Microsoft and Google, which are also investing heavily in AI. The milestone underscores the growing importance of AI in the tech industry and the potential for companies that can effectively leverage this technology.