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Amazon (AMZN) Nears $3T Valuation on Cloud Growth Surge

Amazon named IBD Stock of the Day, nearing $3 trillion market cap on cloud momentum. Strong earnings/revenue growth, high Composite Rating of 96, forming cup base pattern with 278.56 buy point.

Amazon Hits $3 Trillion Cap as AWS Growth Surges 37%

Amazon hit $3 trillion market cap after blowout Q2 earnings, with AWS growth accelerating to 37% and a $496B backlog. Bezos's $4B stock sale was pre-scheduled and coincidental, not a bearish signal, …