Amazon Surpasses $3 Trillion Valuation Amid Strong Cloud Growth

Amazon's market capitalization has surpassed $3 trillion for the first time, driven by strong financial results and increased demand for its cloud services.

The company's shares rose 5.5% at the start of trading to around $286.20 per share on August 3, 2026, highlighting an annual gain of more than 23%.

This growth is attributed to Amazon's AI strategy, which has become a market story as investors weigh whether cloud momentum can justify even bigger spending.

Amazon and Microsoft are the only members of the 'Magnificent Seven' whose AI spending has paid off in investors' eyes, with other companies such as Tesla, Alphabet, and Meta suffering losses due to heavy spending plans.