Amazon just hit $3 trillion and it's basically all AWS
Amazon achieved the $3 trillion market cap milestone, becoming the fifth company to do so after Apple, Microsoft, Alphabet, and Nvidia. Even more surprising, retail did not contribute much to this milestone, and it is mainly because of AWS. The cloud business generated revenue growth of 37% during the quarter, which amounts to $42.2 billion and represents the fastest growth rate in over four years for AWS, and it is due to enterprise customers needing compute capacity for AI use cases.