Business & Markets
Amazon tops $3tn market value for first time
Amazon's market value rose above $3 trillion for the first time on Monday as its shares climbed for a second straight session after last week's earnings report.
Shares of the technology company were up almost 5% at $284.49 in early trading, lifting its valuation to about $3.1 trillion.
Amazon posted quarterly profits of more than $62 billion, helped by large increases in two artificial intelligence-related businesses, AI cloud and chips.
Update
Amazon shares were up almost 5% at $284.49 in early trading.
The rise lifted Amazon's market value to about $3.1 trillion.
The shares rose for a second straight session after last week's earnings report.
Amazon posted quarterly profits of more than $62 billion, with increases in AI-related cloud and chips businesses.
Source note: AFP news report published on 3 August 2026 at 13:55:07 UTC.
Source
AFP news report published on .