Amazon Cracks $3 Trillion Mark, Experts Predict Further Growth

Amazon's market capitalization has reached an astonishing $3.06 trillion, and experts predict it will continue to grow throughout the year.

The company's AWS division saw a significant boost in revenue, growing 37% to $42.23 billion at a 39.4% operating margin in Q2. Additionally, Amazon's advertising business is on pace to surpass an $80 billion annual run rate with software-like margins.

AWS growth has been the primary driver of Amazon's recent success, with Andy Jassy stating 'AWS is booming, growing 36.7% year-over-year in Q2, our fastest growth in 18 quarters.'

The bullish case for Amazon suggests that AWS will continue to accelerate, driven by AI infrastructure demand and the company's own AI and Chips businesses.