TradingKey – Amazon ( AMZN) officially joins the $3 trillion market capitalization club.

Driven by better-than-expected second-quarter 2026 results, accelerating growth in its AWS cloud business, and strong AI demand, Amazon’s stock price surged following its earnings release. On August 3, Amazon’s stock price closed at $284.02, pushing the company’s market capitalization past $3 trillion for the first time and making it another public company to reach this milestone, following Nvidia, Apple, Microsoft, and Alphabet.

Meanwhile, JPMorgan ( JPM) raised its price target for Amazon from $330 to $365 and reiterated its “Overweight” rating.

An increase from $277.42 to $365 implies that Amazon’s stock price still needs to rise by about 32%. Based…