Amazon Poised to Join Apple in Trillion-Dollar Club Before 2030

Amazon is set to join Apple in the $4 trillion club before 2030, according to analysts who estimate the e-commerce giant's net sales will reach $1.1 trillion by 2028.

This growth is driven by Amazon's expansion into cloud computing and artificial intelligence through its Amazon Web Services (AWS) segment, which saw sales jump 37% in the second quarter.

Amazon also reported a 26% year-over-year increase in digital ad revenue during the same period, with a robust logistics system and network effect contributing to its continued success.

The company's market capitalization currently stands at $3 trillion, but analysts believe it will reach or exceed $4 trillion by 2030 due to its durable growth potential and reasonable valuation.