Amazon's market capitalization exceeded $3 trillion for the first time in history

Shares of technology company Amazon (AMZN), which operates the world's largest online store, rose 5.64% on Monday, August 3.

As reported by RBC, the share price momentarily reached the $286.9 mark. As a result, the company's market capitalization exceeded $3 trillion for the first time.

Amazon is among the top five companies with the largest market capitalization in the world. According to Trading View data as of 5:48 PM Baku time, Amazon's market value stands at $3.08 trillion.

The top 5 most expensive public companies as of 6:02 PM Baku time are as follows:

NVIDIA - $4.9 trillion;

Alphabet - $4.54 trillion;

Apple - $4.48 trillion;

Microsoft - $3.63 trillion;

Amazon - $3.07 trillion.

Amazon shares continued the rally that began last week following the release of its second-quarter 2026 earnings report, which showed the strongest revenue growth for its division — the cloud platform Amazon Web Services — since 2021, Bloomberg reports.

According to the agency's calculations, it took Amazon more than two years to reach a $3 trillion market capitalization after the company first surpassed the $2 trillion mark in June 2024.

Wall Street analysts are optimistic about Amazon's long-term prospects. According to Bloomberg, experts forecast that the average target price for the company's shares over the next year will rise by an additional 14% (from the current trading level).