Nine publicly traded American companies are valued at $1 trillion or more, with only four in the $3 trillion club. Amazon, a diverse tech giant, could reach the $3 trillion milestone in 2026 due to strong earnings growth. AWS, Amazon’s cloud platform, is a key driver of this growth, generating record revenue of $33 billion in Q3 2025.

Amazon’s e-commerce business is becoming more profitable through efficiency improvements and AI technologies. In 2023, Amazon restructured its logistics network to reduce costs. AWS, which contributed 65% of Amazon’s operating income, saw a 20% revenue increase in Q3 2025. Amazon’s earnings per share jumped 42% in 2025, consistently beating Wall Street’s estimates.

Amazon’s stock trades at a P/E ratio of 32.8 and is expected to generate earnings of $7.86 per share in 2026. If Amazon continues to beat expectations, its stock could see a 35% gain next year, reaching a market cap of $3.35 trillion. With momentum in e-commerce and AWS, crossing the $3 trillion milestone seems achievable in 2026.

Read more at Nasdaq: 1 Unstoppable Stock That Could Join Nvidia, Alphabet, Apple, and Microsoft in the $3 Trillion Club in 2026