Amazon Surpasses $3 Trillion Market Value Amid AI-Fueled AWS Growth

Amazon's market value has surpassed $3 trillion for the first time, making it one of only a handful of companies to reach this milestone. The e-commerce and cloud giant saw its shares jump about 5% in morning trading on Monday, following its latest quarterly performance.

The growth is largely attributed to the increasing demand for Amazon Web Services (AWS), which has seen significant traction due to generative artificial intelligence-related spending. This trend has been a key driver behind AWS's expansion and has helped boost investor confidence in the company.

Amazon's retail operations have also contributed to the positive reaction, with improving operating margins in its core business adding to the overall growth story.