New York, Aug 3, 2026 (AFP) - Amazon surges to more than $3 tn in market value for 1st time

NAMPA / AFP

2026-08-03

Amazon reached a valuation of $3 trillion for the first time Monday, rising for a second straight session after last week's strong earnings report. Shares of the tech giant were up 5.2 percent at $285.75 in early trading, lifting the company's valuation to about $3.1 trillion. Amazon posted quarterly profits of more than $62 billion thanks to huge increases in two artificial intelligence-related divisions: AI cloud business and chips. The company......

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