Amazon becomes the fifth $3 trillion company — on the back of its AI cloud
Amazon shares hit a record high, pushing its market value past $3 trillion for the first time and making it the fifth company ever to cross the line, after Apple, Microsoft, Nvidia and Alphabet. The rally followed a quarter in which AWS grew 37% — its fastest pace in 18 quarters — to an annualized run rate of $169 billion, and Amazon said its AI services and its chip business have each passed $25 billion in annualized revenue.
Why it mattersEvery member of the $3 trillion club got there on an AI story. Amazon's milestone doubles as vindication of a contrarian bet: pulling back from its own frontier-model race while selling the infrastructure — cloud capacity and custom chips — that everyone else's models run on.
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