Amazon stock tops $3 trillion market value after cloud growth surges

Amazon shares hit a new all-time high, pushing its market cap above $3 trillion. The rally follows strong Q2 earnings and continued cloud growth at AWS.

• Amazon tops $3 trillion and Microsoft surges as Wall Street sets aside AI spending fears, for now
• Amazon stock topped $3 trillion in market value for the first time after cloud growth surged
• Amazon tops $3 trillion market cap as stock continues post-earnings surge