Amazon shares rise 5% after strong Q2 earnings, pushing its market capitalization above $3 trillion alongside peers Microsoft and Google.
Amazon’s market capitalization exceeded $3 trillion Monday as shares climbed 5% to $284.58 in morning trading. The gain follows a robust second-quarter earnings season for cloud hyperscalers, lifting investor sentiment across the sector.
Microsoft and Google also advanced, with Microsoft stock breaking out of a cup base after its beat-and-raise earnings report last week. Amazon shares have risen more than 20% over the past two trading sessions, reflecting broader strength in big tech.
The rally underscores renewed confidence in cloud infrastructure demand and AI-driven growth among hyperscalers.