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Amazon Stock Price Forecast: Can Shares Keep Rising After Market Cap Hits $3 Trillion for First Time?
TradingKey - Driven by better-than-expected Q2 2026 results, accelerating growth in the AWS cloud business, and strong AI demand, Amazon's share price surged following its earnings release. On August 3, Amazon's stock closed at $284.02, pushing the company's market capitalization past the $3 trillion mark for the first time.
Bezos to Sell Over $4 Billion in Amazon Stock as Record Rally Faces Pullback Test
Jeff Bezos's share reduction triggered a decline in Amazon's stock price, which may continue to face downward pressure with a short-term bearish target near $260.
Why Is Amazon Stock Surging Today? AMZN Hits $285 as AWS AI Revenue Fuels 17% Rally
TradingKey - Amazon (AMZN) stock surged to a record high after strong Q2 earnings. AWS revenue jumped 37%, AI demand remained robust, and analysts raised price targets to as high as $400.
Today’s Market Recap：U.S. Stocks Rally for Third Straight Day, Amazon Tops $3 Trillion, Oil Plunges Over 7%
TradingKey - Prospects for U.S.-Iran negotiations boosted market sentiment, and U.S. stocks got off to a strong start in August, with the three major indices closing higher for three consecutive days. The Dow Jones Industrial Average hit another record closing high, the Nasdaq rose more than 2%, and
GameStop Shares Slump Over 14% to Lowest Since August 2024 as $1.4 Billion Stock-for-Debt Swap Raises Dilution Risk
On August 3, Eastern Time, GameStop (GME) shares fell more than 14%, hitting a near two-year low. GameStop announced that it has reached agreements with certain convertible bondholders to exchange approximately $1.4 billion in outstanding convertible debt for Class A common stock, a move intended to retire a significant amount of long-term debt. However, this action may dilute the equity of existing shareholders.
Amazon Hits Record High to Become Fifth Company With $3 Trillion Market Cap as Morgan Stanley and JPMorgan Raise Targets
On August 3 ET, Amazon (AMZN) shares hit a record high of $287.16, making it the fifth company in history to surpass a $3 trillion market capitalization. Amazon's recently released earnings report showed that AWS's second-quarter operating margin reached 39%. Customers, including AI labs and large enterprises, are racing to lease chips and computing equipment—to the point where business expansion is no longer constrained by market demand, but by the limits of production capacity.