Amazon shares jump as much as 5.8% to record $287.2 on Monday
Amazon shares rose as much as 5.8% on Monday to an all-time high of $287.2, pushing its market capitalisation above $3 trillion for the first time. The move followed the company's earnings report, which showed robust second-quarter cloud growth fuelled by AI demand. Adjusted earnings per share came in at $1.97, beating the $1.82 estimate, while operating revenue reached $200.61 billion, exceeding the forecast of $196.47 billion.
Amazon’s stock price rose as much as 5.8% in intraday trading on Monday, touching an all-time high of $287.2, as its market capitalisation exceeded $3 trillion for the first time.
The company’s results, released last week, showed strong second-quarter cloud growth, driven chiefly by demand for artificial intelligence. Adjusted earnings per share for the period were $1.97, compared with an earlier estimate of $1.82, and operating revenue was $200.61 billion, ahead of the forecast $196.47 billion.