For decades, Amazon.com (AMZN) has been woven into everyday life. From delivering everything people need with a few clicks to powering businesses through Amazon Web Services (AWS), the company has grown into one of the world’s most influential technology giants. Lately, however, Amazon has been making headlines.
Just last week, investors had plenty to cheer about. Amazon reported a blockbuster second-quarter earnings report, with AWS revenue growth making its fastest pace since 2021 – as artificial intelligence (AI) demand continued to accelerate. The strong results, combined with a wave of bullish analyst price-target upgrades, sent Amazon's shares sharply higher and briefly pushed the company’s market value above the $3 trillion mark for the first time.
