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Amazon Reaches $3 Trillion Market Value in Record-Breaking Achievement

Guavy AI Editorial Team
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AMZN NVDA
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Amazon has become only the fifth company to reach a market value of $3 trillion. The e-commerce and cloud-computing giant surpassed this milestone on Monday, August 3, at 1:38 PM UTC. Shares rose as much as 5.3% by 9:35 AM on that day.

This significant achievement comes after Amazon's impressive second-quarter earnings report showed accelerating cloud-computing revenue. The company now joins an elite list with Nvidia Corp., Alphabet Inc., Microsoft Corp., and Apple Inc.

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