07:06 - 4.08.2026

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August 4, Fineko/abc.az. US e-commerce and cloud computing giant Amazon.com Inc. has surpassed a $3 trillion market capitalization for the first time in its history, becoming only the fifth company globally to reach this threshold.

Amazon shares surged 5,3% in early Monday trading, extending strong momentum triggered by its second-quarter earnings report. The rally was driven by Amazon Web Services (AWS), which posted its fastest revenue growth rate since 2021. With this milestone, Amazon joins the elite tech cohort alongside Nvidia, Alphabet, Microsoft, and Apple.

Having first hit the $2 trillion valuation milestone in June 2024, Amazon took just over two years to add another trillion to its market value. Wall Street analysts maintain an optimistic outlook, with consensus price targets pointing to an additional 14% upside over the coming year.