Amazon on Track to Surpass $4 Trillion Market Cap by 2030

Amazon is poised to join Apple in the $4 trillion club before 2030, according to analysts. The e-commerce giant's market capitalization currently stands at $3 trillion, and its net sales are expected to reach $1.1 trillion by 2028, representing a 53% increase from 2025's total.

The company's growth drivers include cloud computing and artificial intelligence, with Amazon Web Services seeing sales jump 37% in the second quarter. Additionally, the digital ad operation is thriving, with revenue surging 26% year-over-year in the same period.

Amazon's valuation is considered reasonable, trading at a price-to-earnings ratio of 22.4, close to being at a 10-year low. This suggests that the market doesn't have overly optimistic expectations for the company's future performance.