Stocks

Amazon Surges Past $3 Trillion Market Value Amid Strong AWS Growth

Guavy AI Editorial Team Published August 4, 2026

Instruments

AMZN

Amazon's market value surged past $3 trillion after the company posted a blowout second-quarter earnings report, driven by strong growth in its Amazon Web Services (AWS) segment.

The stock reached a record high of $287.16, making it one of only five public companies to achieve this milestone.

Amazon's AI-driven infrastructure and custom chips are paying off through higher profits, with AWS leading Wall Street's renewed confidence after accelerating growth to an annualized revenue run rate of $169 billion and a 39% operating margin.

Snowflake stock also hit a four-year high of $315.42 as investors gained more confidence in its AI business potential ahead of Q2 earnings on August 26.

Analyst Gray Powell increased his price target for Snowflake to $340 from $325, while Bristol-Myers Squibb stock climbed to a three-year high after reports of potential merger talks with AstraZeneca.

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