Amazon stock hits $3 trillion market cap on Q2 cloud earnings

Amazon and Nvidia were among the primary market cap stock movers on Monday. Amazon specifically achieved a $3 trillion market cap milestone following the release of its Q2 cloud earnings. These financial results propelled the company to this significant valuation level, marking a major movement in the stock market alongside Nvidia's performance. The growth is directly attributed to the strong performance reported in the cloud sector during the second quarter of the year.