Amazon Nears $3 Trillion After Adding $432 Billion on AI and AWS Growth
Updated
Updated · Los Angeles Times · May 14
Amazon Nears $3 Trillion After Adding $432 Billion on AI and AWS Growth
6 articles · Updated · Los Angeles Times · May 14
$2.9 trillion — Amazon’s market value has climbed to within reach of the $3 trillion club after the stock added $432 billion this year.
A 36% rebound since March 27 reflects rising confidence in Amazon’s AI strategy, helped by AWS posting its fastest quarterly sales growth in more than three years and by $225 billion in Trainium revenue commitments.
Wall Street has turned sharply more bullish: 79 of 83 analysts rate the shares a buy, the average target is $313, and 2026 earnings estimates have risen 14% in the past month.
The rally still faces skepticism because Amazon is projected to spend nearly $200 billion in 2026 capex and $226 billion in 2027, raising doubts about returns and future margins.
That debate marks a turnaround for a stock that had lagged major indexes over five years, with investors now weighing whether AI can finally restore sustained outperformance.
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Amazon Approaches $3 Trillion Valuation on AWS and AI Momentum in 2026
Overview
As of May 14, 2026, Amazon is on the verge of reaching a $3 trillion market capitalization, with its value hovering around $2.9 trillion after a robust stock rally in early 2026. This surge is fueled by renewed investor confidence and strong performance across Amazon’s core business segments. Amazon’s massive market cap makes it a key player in the S&P 500, significantly influencing the broader market. The company’s strong showing in 2026 stands in sharp contrast to its underperformance in the previous year, highlighting its renewed momentum and market leadership.