Amazon Stock Nears $3 Trillion As Logistics Push Takes Aim At UPS And FedEx
Amazon stock rose 0.35% in premarket trading Wednesday, pushing its market value near $3 trillion after a fourth straight record close. The company launched Amazon Supply Chain Services, opening its logistics network to outside businesses, prompting FedEx and UPS shares to drop over 9% Monday. Amazon’s first-quarter net income reached $30.3 billion, boosted by AWS sales growth and a $16.8 billion gain from Anthropic.