Amazon's total market capitalization reaches $3.05 trillion, hitting a record high

Odaily News Amazon, the world's largest cloud provider, rose over 4% in early trading, with a total market value of $3.05 trillion, breaking an all-time high. Amazon AWS cloud business revenue growth hit an 18-quarter high. The company raised its full-year 2026 capital expenditure guidance and gave an optimistic outlook on AI's long-term trillion-dollar revenue potential; the trend of AI computing power supply falling short of demand is expected to persist.

Institutions predict that, driven by the accelerated commercialization of generative AI, the continued penetration of enterprise-level AI applications and cloud-based intelligent agents, the world's nine major cloud service providers (CSPs) will see a wave of capital expenditure increases by the end of July. Both domestic and international tech giants are simultaneously ramping up investments in intelligent computing centers, GPU clusters, self-developed chips, and supporting infrastructure, with computing power expansion exceeding market expectations.