Amazon has reached a market value exceeding $3 trillion for the first time, which is equivalent to about R$ 15.24 trillion. This advance was a consequence of positive financial results and a significant appreciation of its shares, stimulated by the growth of both artificial intelligence and cloud computing.
This achievement places the company in an exclusive circle of large technology corporations, demonstrating how the competition for artificial intelligence already directly affects the performance of the largest global companies.
According to Reuters, Amazon's shares rose by 5.5%, reaching a historic record of $286.20 (approximately R$ 1,450). With this performance, the company's stocks accumulated a gain of over 23% throughout the year.
This movement gained momentum after the company reported the largest growth in its cloud computing division in over four years. Furthermore, Amazon raised its annual spending projection, signaling new investments in technological infrastructure. Amazon Web Services (AWS), which is the company's main revenue generator, has benefited from the increased demand for services used in the development of artificial intelligence applications.
Several elements contributed to this appreciation, including the growth of cloud computing, the growing demand for AI infrastructure, billion-dollar investments in technology, and the favorable response of investors to the presented results.
The intense competition for artificial intelligence motivated Amazon to intensify its investments in this segment. The company announced a new investment in Anthropic and detailed plans to invest up to $50 billion (about R$ 254 billion) in OpenAI.
This strategy helped improve investors' view of Amazon's expenditures on AI. Microsoft also received a positive market evaluation due to its participation in this area. In contrast, Tesla, Alphabet, and Meta were criticized for seeing their cash flow under pressure last quarter due to high investments in artificial intelligence.
Founded by Jeff Bezos in 1994, Amazon took just over two years to reach $1 trillion (about R$ 5.08 trillion) in market value, after having reached the $2 trillion mark (approximately R$ 10.16 trillion) in June 2024.
Currently, the company joins Apple, Microsoft, Alphabet, and Nvidia, companies that have also surpassed the $3 trillion (R$ 15.24 trillion) capitalization barrier. Nvidia is the largest among them, with a capitalization close to $5 trillion (about R$ 25.4 trillion).
This feat demonstrates that Amazon has transcended the image of a mere e-commerce giant. Today, its cloud infrastructure and investments in artificial intelligence play a fundamental role in the market valuation.
Amazon announced on Thursday (30) second-quarter results that exceeded market projections, with the robust advancement of its cloud computing unit being the main driver of this performance.
The company's total revenue reached US$ 200.6 billion (equivalent to R$ 1.02 trillion), surpassing the estimate of US$ 196.4 billion (R$ 997.9 billion) calculated by LSEG. Furthermore, earnings per share was US$ 5.75 (R$ 29.21), a figure higher than the forecast of US$ 1.82 (R$ 9.24) per share, according to LSEG data.
The Amazon Web Services (AWS) division was a highlight, generating revenue of US$ 42.2 billion (R$ 214.3 billion), which exceeded the expectation of US$ 40.5 billion (R$ 205.9 billion) reported by StreetAccount. Revenue from advertising also proved strong, reaching US$ 19.8 billion (R$ 100.6 billion), above StreetAccount's projection of US$ 19.4 billion (R$ 98.7 billion).
AWS demonstrated an annual growth of 37% in the quarter, a rate that surpassed Wall Street's expectation, which had predicted an expansion of 31%. Amazon CEO Andy Jassy stated that this represented the fastest growth for the division in the last 18 quarters.
In a statement attached to the balance sheet, Jassy explained that AWS is undergoing a period of intense expansion, attributing this success to progress in artificial intelligence (AI) and chips developed internally by Amazon itself. He reported that both the AI segment and the semiconductor area have already exceeded an annualized revenue of US$ 25 billion (R$ 126.9 billion).
In recent years, Amazon has invested significantly in its proprietary chips, such as the Trainium and Graviton families, which are considered a new pillar of growth by the company. Simultaneously, its AI products, such as the Bedrock marketplace, have focused primarily on the corporate market.
Regarding the third quarter, Amazon set a revenue target between US$ 197 billion and US$ 202 billion (R$ 1 trillion/R$ 1.02 trillion). However, this forecast fell short of what analysts consulted by LSEG expected, who estimated US$ 204.1 billion (R$ 1.03 trillion) for the same period.
The company justified this projection by citing the impact of the change in the Prime Day schedule. While traditionally held in July, the promotional event was moved to June in 2026. Amazon emphasized that if the effects of Prime Day were ignored, the projected growth for the third quarter of 2026 would be nearly 400 basis points higher.
