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The Verge - Tech
Amazon is now worth over three Elon Musks.
Amazon has reached a remarkable milestone, surpassing a market value of $3 trillion for the first time. This achievement highlights the strength of its cloud computing arm, which continues to grow rapidly. With this valuation, Amazon joins an exclusive group of companies that have previously crossed the $3 trillion mark, including Nvidia, Alphabet, Microsoft, and Apple. The implications of this growth reflect Amazon's robust position in the tech landscape and its continued expansion in cloud services.
MonitorConfidence: HighImmediate horizon
Published 4 Aug 2026, 08:05 UTC1 min read
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Summary
TL;DR
- Amazon's market value surpasses $3 trillion.
- Acceleration in cloud-computing revenue is a key driver.
- Only a handful of companies have reached this valuation.
- Amazon crossed $1 trillion in market capitalization in 2018.
- This milestone indicates Amazon's strong market position.
Interesting facts
- Amazon's valuation reflects investor confidence in its cloud services.
- The company first achieved a $1 trillion valuation in 2018.
What changed
Amazon has officially crossed the $3 trillion market valuation threshold.