Amazon Poised to Join $4 Trillion Market Cap Club Amid AI and Cloud Expansion
Amazon (AMZN) is emerging as the next contender among the Magnificent 7 stocks to reach a $4 trillion market capitalization. Currently valued at $2.606 trillion, the e-commerce giant has seen its stock rise 11% over the past year, fueled by post-pandemic recovery and strategic investments in AI and cloud computing.
The company's AWS division and aggressive AI initiatives, including a $10 billion investment in OpenAI's ChatGPT and a $35 billion hyperscale data center project in India, are driving growth. Analysts project Amazon could hit the $4 trillion milestone by 2027—or sooner—if current trends persist.