Amazon market cap tops $3 trillion for first time

Published Aug 4, 03:46 PM UTC

Amazon's market capitalization surpassed $3 trillion for the first time on Monday, August 3, 2026, closing at $284.02 per share. The milestone was driven by a strong second-quarter earnings report showing net sales up 20% year over year to $200.6 billion and operating income rising 43% to $27.5 billion. Amazon Web Services (AWS) was a standout, with sales growing 37% to $42.2 billion and operating income up 63%. CEO Andy Jassy announced capital spending plans of $220 billion for 2026, citing insufficient capacity to meet demand. The article notes that a 31% stock price increase to about $371 would bring Amazon to a $4 trillion valuation, following Nvidia ($5 trillion) and Alphabet ($4.6 trillion). The analysis suggests sustained profit growth could achieve this, though caution is advised regarding non-operating income from AI investments.