Amazon enters $3 trillion club as AI optimism sweeps through Wall Street

Amazon became the first company to cross a $3 trillion market value in this rally, driven by strong quarterly earnings and renewed AI optimism tied to cloud demand. Shares rose 5.5% intraday to a record $286.20 after jumping 15% on Friday, following Amazon’s best cloud growth in more than four years and a higher annual capital spending forecast. The article frames the move as part of a broader Wall Street reassessment of AI-heavy spending: Amazon and Microsoft are the only Magnificent Seven names, among six that have reported, whose AI investments have been rewarded so far, while Alphabet and Meta have been penalized. The milestone underscores Amazon’s growing scale and investor confidence that AI infrastructure spending is translating into revenue and profit momentum, especially in its cloud segment, which remains the company’s main earnings engine.