Amazon crossed a historic milestone on Monday, surpassing a $3 trillion market capitalization for the first time after investors cheered a blockbuster second-quarter earnings report.
Shares of the e-commerce and technology giant climbed about 4% to a new all-time high, marking their strongest performance since early May. The rally extended gains that began after Amazon reported earnings last week that exceeded Wall Street expectations across key financial metrics, reinforcing investor confidence that the company is one of the biggest beneficiaries of the global AI spending boom.
