By the close of trading on Aug. 3, Amazon reached a $3 trillion valuation for the first time, driven by a blockbuster earnings report and a sharp rise in its stock. The milestone was tempered by a filing revealing founder Jeff Bezos intended to sell roughly $4 billion worth of Amazon shares. The stock surge followed quarterly results that beat expectations, with second-quarter revenue of $200.61 billion, above forecasts of $196.46 billion and the first time the company topped $200 billion in quarterly revenue. Amazon Web Services produced $42.2 billion in revenue, up 37% from a year earlier, its fastest growth rate in 18 quarters. Earnings per share landed at $5.75, far above the expected $1.82. Roughly $53.4 billion of the quarter's income was non-cash, tied mainly to a fresh valuation of Amazon's Anthropic stake. After the July 30 earnings report, Amazon shares finished August 3 at $284.02. On August 3, Bezos disclosed plans to sell 15 million shares worth about $4.07 billion under a Rule 10b5-1 arrangement adopted on November 14, 2025, indicating the timing was set in advance. Amazon also raised its 2026 capital spending guidance to around $220 billion. The rapid AWS growth signals strong demand for AI infrastructure, but raises questions about energy use and resource demands, while Bezos' sale adds to concerns about