Amazon on Track to Join Apple in Trillion-Dollar Club

Amazon's market capitalization is closing in on Apple's $4 trillion valuation. As of August 10, Amazon has a market cap of $3 trillion and analysts predict it will reach or exceed $4 trillion by 2030.

The e-commerce giant reported $717 billion in net sales in 2025, but sell-side analysts expect that figure to grow to $1.1 trillion by 2028, representing a 15% compounded annual growth rate over the three-year period.

Amazon's cloud computing and artificial intelligence segments are notable growth drivers, with Amazon Web Services' sales jumping 37% in the second quarter.