QualityStocksNewsBreaks – Amazon.com Inc. (NASDAQ: AMZN) Joins Exclusive $3 Trillion Market Cap Club
Amazon.com (NASDAQ: AMZN) surpassed a $3 trillion market capitalization, becoming just the fifth publicly traded company to reach the milestone, according to a Channelchek report. The achievement follows a sharp rally that accelerated after Amazon's second-quarter earnings report, with investors responding favorably to strong growth at Amazon Web Services ("AWS") and the company's expanding artificial intelligence investments. Shares climbed more than 15% following earnings, marking Amazon's largest single-day gain in more than 14 years and adding nearly $400 billion in market value. Channelchek reported that AWS generated $42.2 billion in second-quarter revenue, up 36.7% year over year, prompting management to raise its full-year AI infrastructure spending forecast to approximately $220 billion. Despite the recent surge, Amazon…