Amazon hit $2 trillion in valuation on Wednesday, making it the fifth company to hit the mark.

Amazon joins Alphabet (Google's parent company), Microsoft, Apple and AI chip maker Nvidia in the coveted club.

The news comes ahead of Amazon's long-awaited announcement Prime Minister's Dayscheduled for July 16 and 17, which offers shoppers deals and bundles in many areas of retail products.

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Amazon was up about 4% by Wednesday's close, for a 52% gain. in the last year.

The online retailer had a 2024 first quarter with a 13% year-over-year net increase in sales that reached $143.3 billion, with a 12% increase in North American sales annually.

“It's been a good start to the year across the business, and you can see that in both our customer experience, improvements and financial results,” said Andy Jassy, ​​President and CEO of Amazon, in a company announcement. “It's very early in all of our businesses and we remain excited about how much more we can make customers' lives better and easier moving forward.”

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Amazon it was upstairs just 2.6% in a 24-hour period on Thursday afternoon and 53% year-over-year in the same time frame.

As of Thursday afternoon, the company was valued at $197.87 per share.