Amazon joins $3 trillion club as AI, cloud growth fuel stock rally

August 3, 2026

Amazon crossed a $3 trillion market valuation after strong earnings and robust cloud growth reinforced confidence in its AI investments. Shares hit a record high, while investors rewarded the company for demonstrating improving returns from heavy AI infrastructure spending.

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Bitcoin reclaims $80,000, Ethereum nears $2,620 despite hawkish Fed, CLARITY Act setback

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