Amazon (AMZN) to Dethrone Apple? When Stock Could Hit $3.6T

Joshua Ramos
amazon stock amzn logo
Source: Finbold

For the last several years, Apple (AAPL) has been the gold standard as far as market value. The company was the first to reach a $2 trillion market cap and followed up by being the first to $3 trillion. However, it could have one key competitor brewing. Indeed, Amazon (AMZN) has been projected to dethrone Apple as the world’s most valuable company, but when could the stock reach the necessary $3.6 trillion market cap?

There is no shortage of reasons to be excited about the potential of the e-commerce juggernaut. Perhaps no company has better-embraced diversification in the ever-changing investment landscape than the firm. But can it surge higher than the iPhone developer thats held the top spot for four years?

Amazon Company Office Logo AMZN Stock
Source: Getty Images

Also Read: Amazon (AMZN) Grows in 2 Key Markets En Route To Record $638B Revenue

Amazon Eyes Top Market Cap Spot: Can It Finally Surpass Apple?

It is increasingly difficult to understate the kind of potential that Amazon stock has enjoyed in recent years. Currently, it is valued at $2.4 trillion. Moreover, it has been one of the fastest-growing businesses due to its overall success in a myriad of emerging sectors.

That could take it straight to the top, as analysts have begun to theorize that it could soon be the most valuable company in the world. That’s right, many have stated the potential for Amazon (AMZN) stock to dethrone Apple in market cap, surpassing the necessary $3.6 trillion.

Amazon AMZN
Source: Reuters

Also Read: Amazon (AMZN) to Pass This Competitor in Revenue for 1st Time

In order for that to happen, the e-commerce and cloud computing firm would need to see its share price jump 54%. With the company outperforming revenue juggernaut Walmart (WMT) for the first time ever, it could happen sooner than many think.

Amazon earnings are expected to increase 17% annually through 2026, according to MSN. That suggests that the 41-time earnings valuation is certainly realistic. Additionally, Amazon has made a habit of proving doubters wrong. It has beat consensus estimates by an average of 29% for the last six quarters, the report adds.

Could AI Drive Stock to New Heights?

Amazon (AMZN) AWS
Source: Reuters

Also Read: Amazon (AMZN): Why Experts Call It the Best Low-Risk Stock of 2025

The company has AI and cloud-based businesses that could soon become catalysts for growth. Recently, CEO Andy Jassy said, “We have a number of very significant, I’ll call it, productivity and cost-saving efforts in our retail business that are using generative AI.” Moreover, Morgan Stanley states that that investment could only drive Amazon to increase its market share.

They expect the company to “deliver more items faster and more profitably than peers.” The e-commerce sales are already projected to jump 11% annually over the next five years. With Amazon Web Services (AWS) also projected to grow 21% in that time, the formula for surpassing Apple is already in place. Now, it just has to continue making good on its impressive growth prospects.