On Monday morning US trade, Amazon (AMZN.O) shares rose as much as 5.3%, extending last week’s rally after Q2 results showed accelerating cloud revenue growth. The move pushed Amazon’s market value above $3 trillion, joining NVIDIA, Alphabet, Microsoft and Apple as the fifth company to reach that threshold. Last week the stock jumped more than 15%—its biggest single-day gain in over 14 years—after AWS reported its strongest revenue growth since 2021, adding roughly $400 billion to market value;

On Monday morning US trade, Amazon (AMZN.O) shares rose as much as 5.3%, extending last week’s rally after Q2 results showed accelerating cloud revenue growth. The move pushed Amazon’s market value above $3 trillion, joining NVIDIA, Alphabet, Microsoft and Apple as the fifth company to reach that threshold. Last week the stock jumped more than 15%—its biggest single-day gain in over 14 years—after AWS reported its strongest revenue growth since 2021, adding roughly $400 billion to market value; the shares had fallen about 18% from the May 6 record high to a three-month low before the rebound, making Amazon the best-performing member of the Magnificent Seven year-to-date.