"The big scepticism coming into earnings season was if they (hyperscalers) were turning the spigot down on spending on AI. We did not get that ⁠from Amazon and Microsoft and that has unleashed a much broader all-clear for the market." Apple, Microsoft, Alphabet and Nvidia are the ​other companies that have recorded a market value of $3 trillion in the past. It took Amazon, founded by Jeff Bezos back in 1994, just over two years to add another trillion dollars to its market value after hitting a $2 trillion valuation for ​the first time in June 2024. Amazon ‌Web Services has benefited from expanding its partnerships, including cloud infrastructure and chip supply ​deals with OpenAI, Anthropic and Meta, among others.