Story perspectives
US Millionaires Surge as Amazon Invests $10B in AI
6/5/2025
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Story summary
- The S&P 500 sees modest gains due to falling bond yields and sluggish job growth data.
- Amazon is set to invest $10 billion in AI data centers in North Carolina, aiding firms like Nvidia and Eaton.
- In 2024, the US welcomed 562,000 new millionaires, fueled by stock market performance and AI interest.
- Ongoing trade negotiations hint at possible agreements between the US and India.
