By Anthony Di Pizio
Publication Date: 2026-02-26 23:31:00
Artificial intelligence is supercharging Amazon’s industry-leading cloud business.
Ten American companies are valued at $1 trillion or more, but only three are currently valued at at least $3 trillion: Nvidia, Alphabet, and Apple. Microsoft was a long-standing member, but it recently fell just out of contention following a sharp correction in its stock.
I think Amazon (AMZN +0.41%) could be the next company to exceed $3 trillion in valuation. Artificial intelligence (AI) is fueling accelerated revenue growth for its flagship cloud platform, Amazon Web Services (AWS), and its e-commerce business is increasingly profitable thanks to growing efficiency in its fulfillment network.
Amazon is valued at $2.25 trillion as I write this, so investors who buy its stock today could earn a return of at least 33% if the company joins the $3 trillion club. Read on.
Image source: Getty Images.
Revenue growth is accelerating at Amazon Web Services
AWS is the world’s largest cloud platform. It originally provided simple services like data storage, but it has evolved to offer hundreds of solutions that help businesses thrive in the digital age. AWS is now turning its attention to AI, with an expanding portfolio of products and services that include computing capacity, foundation models, and software.
Most AI development happens inside data centers, where advanced chips from suppliers like Nvidia deliver an astonishing amount of computing power. Amazon is one of Nvidia’s biggest customers,…