Amazon's market capitalization has surpassed $3 trillion for the first time – Reuters

Amazon's market capitalization surpassed the $3 trillion mark for the first time on Monday, driven by strong financial results and accelerated growth in its cloud business. 

During trading on August 3, the company’s shares rose 5% to a record high of $285.01, and their total gain since the start of the year has exceeded 23%.

The sharp rise in value was driven by the fastest growth in Amazon’s cloud division in more than four years and an upward revision to its annual capital expenditure forecast. Experts note that the earnings reports from Amazon and Microsoft demonstrated the tech giants’ readiness to continue ramping up investments in artificial intelligence. This provided a positive boost to the entire market and drove up the shares of Microsoft, Meta, Alphabet, and Oracle, although investors began to take a closer look at the free cash flow metrics of individual companies.

Prior to reaching this milestone, only Apple, Microsoft, Alphabet, and Nvidia had achieved a market capitalization of $3 trillion, with Nvidia maintaining its lead among the world’s most valuable companies at a valuation of approximately $5 trillion.

This was reported by Reuters.

As a reminder, the American corporation Amazon is integrating the innovative mobile robot Proteus, which operates on the basis of artificial intelligence, into its European logistics network. 

In the U.S., a class-action lawsuit has been filed against Amazon over the company’s refusal to reimburse consumers for additional costs incurred due to tariffs imposed by President Donald Trump.