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Amazon surpasses $3 trillion market cap for first time
- Amazon shares surged to a record high Monday, pushing the company past $3 trillion in market value for the first time, according to Reuters.
reuters - Amazon joins Apple , Microsoft , Nvidia , and Alphabet as the only companies ever to reach that threshold.
bloomberg - The rally accelerated after second-quarter earnings showed AWS cloud revenue growing at its fastest pace in 18 quarters, according to Bloomberg.
bloomberg
Amazon Amazon.com, Inc. surpassed $3 trillion in market capitalization for the first time on Monday, becoming only the fifth company ever to reach the milestone as a wave of artificial intelligence optimism continued to lift technology stocks.
Joining an Elite Club
Shares rose as much as 5.3% in early trading, hitting a record high and taking the company's yearly gains to 17.5%, according to Reuters. Amazon joins Apple , Microsoft , Nvidia , and Alphabet as the only companies to have reached $3 trillion in market value.reuters+1
The milestone caps a rally that accelerated last week following Amazon's second-quarter earnings report, which showed accelerating cloud-computing revenue at Amazon Web Services. AWS growth of 36.7% year-over-year marked the unit's fastest expansion pace in 18 quarters, fueling investor confidence in the company's AI strategy.bloomberg
AI Optimism Drives the Rally
The broader market also opened higher on Monday amid signs of de-escalating tensions in the Middle East, which dragged down crude prices. But it was AI enthusiasm that propelled Amazon past the landmark threshold, as investors bet that the company's cloud infrastructure will capture an outsized share of enterprise AI spending.theedgemalaysia
Amazon's path to $3 trillion reflects a broader re-rating of large-cap technology companies that have positioned themselves at the center of the AI buildout. The company has invested heavily in custom AI chips, generative AI services through AWS, and AI-powered features across its retail and advertising businesses.
From Pandemic Slump to Record Highs
The achievement is a turnaround from 2022, when Amazon's market value fell below $1 trillion amid slowing e-commerce growth and a broader tech selloff. Since then, cost-cutting measures, a rebound in cloud spending, and the emergence of generative AI as a growth driver have propelled the stock to new heights. Revenue surpassed $200 billion for the first time in the second quarter, underscoring the scale of the business underpinning Monday's valuation milestone.reuters+1
Sources (7)
- 1 Amazon enters $3 trillion club as AI optimism sweeps through Wall Street www.reuters.com
- 2 Amazon Joins Elite List of Stocks to Top $3 Trillion in Value www.bloomberg.com
- 3 Wall St opens higher on hopes of Middle East deal theedgemalaysia.com
- 4 Amazon enters $3 trillion club as AI optimism sweeps through Wall Street finance.yahoo.com
- 5 Amazon surpasses $3 trillion valuation as AI and cloud propel shares ng.investing.com
- 6 Amazon Market Value Surpasses $3 Trillion www.marketscreener.com
- 7 Amazon hits $3T valuation for for first time breakingthenews.net
