Amazon Breaks $3 Trillion Barrier as AWS Drives Growth

Amazon's stock price surged to a record close after posting bumper earnings results, pushing its market capitalization to over $3 trillion. This milestone marks Amazon's entry into an exclusive club of companies that have reached this level, joining Apple, Microsoft, Nvidia, and Alphabet.

The company's shares jumped 4.6% on Monday, following a 15% surge the previous day, with investors digesting the second-quarter report. Over three trading days, Amazon's stock price climbed roughly 27%, adding around $1 trillion in market value.

AWS sales were a key driver of this growth, jumping 37% year-over-year to $42.2 billion and comfortably beating expectations for 31% growth. This acceleration offers Wall Street tangible proof that businesses are spending heavily on AI capacity.