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Amazon (NASDAQ: AMZN) is projected to surpass a $3 trillion market cap by 2026, growing from its current $2.5 trillion valuation, fueled by strong earnings growth expectations. The company’s earnings before interest and taxes (EBIT) reached $77 billion over the last 12 months, with forecasts suggesting it could cross $100 billion by 2026.
Amazon Web Services (AWS), its cloud computing division, reported a 17% year-over-year revenue increase, reaching an annual recurring revenue (ARR) of $123 billion. AWS is partnering with AI software provider Anthropic, which has seen its ARR rise from $1 billion to $5 billion in 2023, further enhancing AWS’s growth potential in the AI market.
Additionally, Amazon’s advertising segment is thriving, with revenue growing 22% year over year. The introduction of new AI tools will enable small businesses to create advertisements across various Amazon platforms, increasing the revenue potential of the e-commerce and media business.
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