Amazon.com (NASDAQ: AMZN) surpassed a $3 trillion market capitalization, becoming just the fifth publicly traded company to reach the milestone, according to a Channelchek report. The achievement follows a sharp rally that accelerated after Amazon’s second-quarter earnings report, with investors responding favorably to strong growth at Amazon Web Services (“AWS”) and the company’s expanding artificial intelligence investments. Shares climbed more than 15% following earnings, marking Amazon’s largest single-day gain in more than 14 years and adding nearly $400 billion in market value.
Channelchek reported that AWS generated $42.2 billion in second-quarter revenue, up 36.7% year over year, prompting management to raise its full-year AI infrastructure spending forecast to approximately $220 billion. Despite the recent surge, Amazon trades at roughly 25 times forward earnings, below its average valuation over the past decade, suggesting the stock remains relatively inexpensive by historical standards. The report also noted that Amazon’s accelerating AI investments could provide continued tailwinds for companies supplying infrastructure, components and specialized hardware across the broader AI ecosystem.
As of Aug. 4, 2026, Amazon stock (NASDAQ: AMZN) was trading above the $3 trillion market capitalization milestone after gaining as much as 5.3% during Monday’s session.
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About Amazon
Amazon.com Inc. is a global technology company focused on e-commerce, cloud computing, digital advertising, artificial intelligence and consumer electronics. Through Amazon Web Services, the company operates the world’s largest cloud infrastructure platform while continuing to invest heavily in AI capabilities, logistics and digital services. Amazon is one of the world’s largest publicly traded companies and trades on the Nasdaq under the ticker symbol AMZN.
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