# Amazon enters $3 trillion club on AI and cloud growth

2026-08-06T22:00:33+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Amazon's market value topped $3 trillion for the first time on Monday, driven by a rally after strong earnings and signs that the AI boom is boosting cloud-computing demand. The stock hit a record high of $286.20, up 5.5%, taking yearly gains past 23%. The company reported second-quarter revenue of over $200 billion, up 20%, with Amazon Web Services growing 37% to $42.2 billion. Its AI cloud and chip businesses each exceeded $25 billion in annual recurring revenue. Amazon raised its 2026 capital spending forecast to $220 billion, up from $200 billion.

## Coverage

- thehindu.com <https://www.thehindu.com/sci-tech/technology/amazon-enters-3-trillion-club-as-ai-cloud-growth-power-rally/article71303830.ece>
- thehindu.com <https://www.thehindu.com/sci-tech/technology/amazon-beats-expectations-with-cloud-and-ai-growth/article71288901.ece>

Tags: Amazon, Artificial intelligence, cloud computing, technology stocks, Wall Street
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