Amazon Stock (AMZN) Hits $3 Trillion Market Cap as 'AWS Growth Begins to Justify CapEx Bet'

Tip Ranks
2026.08.03 14:31

Amazon stock surged over 5% to reach a $3 trillion market cap for the first time, driven by strong Q2 2026 earnings and analyst upgrades. AWS sales grew 37% year-over-year to $42.2 billion, with analysts noting that this growth justifies recent capital expenditure bets. The rally follows a 15.32% jump on Friday, contributing to a 24% year-to-date gain.

Shares in e-commerce and cloud giant Amazon (AMZN) jumped by more than 5% on Monday morning to reach a market capitalization of $3 trillion for the first time. The milestone came as analysts issued a flurry of Buy ratings in response to the company's Q2 2026 earnings beat last Thursday. Philip Capital analyst Helena Wang noted that "Amazon Web Services (AWS) growth [has begun] to justify [its] capital expenditure bet."

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Amazon Stock Rallies as AI Fuels Cloud Business Growth

Amazon's shares have jumped by roughly 24% since the start of the year. On Friday, the stock rallied by 15.32% after Amazon posted stronger-than-expected results.

Notably, its cloud business grew to $42.2 billion in sales. This marked a 37% increase from a year ago and the strongest growth in more than four years.

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