Amazon Surges to More than $3 tn in Market Value for 1st Time

FILE PHOTO: Amazon logo outside an Amazon warehouse in Manchester, Britain, October 28, 2025. REUTERS/Phil Noble/File Photo
FILE PHOTO: Amazon logo outside an Amazon warehouse in Manchester, Britain, October 28, 2025. REUTERS/Phil Noble/File Photo
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Amazon Surges to More than $3 tn in Market Value for 1st Time

FILE PHOTO: Amazon logo outside an Amazon warehouse in Manchester, Britain, October 28, 2025. REUTERS/Phil Noble/File Photo
FILE PHOTO: Amazon logo outside an Amazon warehouse in Manchester, Britain, October 28, 2025. REUTERS/Phil Noble/File Photo

Amazon reached a valuation of $3 trillion for the first time Monday following, rising for a second straight session after last week's strong earnings report.

Shares of the tech giant were up almost five percent at $284.49 in early trading, lifting the company's valuation to about $3.1 trillion, AFP reported.

Amazon posted quarterly profits of more than $62 billion behind huge increases in two of its artificial intelligence-related business, AI cloud and chips.