It joins Apple, Microsoft, Alphabet, and Nvidia in the club.

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Thursday, February 19, 2026
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Amazon crosses $3 trillion in market cap for the first time after a blowout earnings report

Amazon crossed a $3 trillion market capitalization for the first time Monday after a stronger-than-expected second-quarter earnings report showed surging cloud revenue driven by AI demand. Amazon Web Services posted $42.2 billion in revenue, topping analyst estimates, and total company revenue hit $200.61 billion. CEO Andy Jassy said capital expenditures are now projected to reach $220 billion this year — and that even that won't be enough to meet demand through 2027.
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OpenAI tops 1 billion users after cutting prices on two AI models. Efficiency gains allowed OpenAI to drop rates on two GPT-5.6 systems by up to 80%. The reductions follow industry-wide unease over AI costs. Over 2 million businesses use OpenAI's tools, bu it still lost $38.5 billion in 2025.
Tesla is considering spinning off its China operations. Tesla is reportedly weighing options to separate its China business as it prepares for a potential merger with SpaceX. CEO Elon Musk denied the report as false. Tesla's Shanghai plant builds over half its vehicles worldwide.
Anthropic says Claude breached real-world systems in April. A misconfiguration allowed the company's AI models to gain unauthorized access to three organizations during cybersecurity evaluations with a third-party testing partner. Anthropic has since stopped cyber evaluations.
Amazon will give customers part of its $600 million tariff refund. The company said refunds were limited because it stockpiled inventory ahead of tariffs and is not the importer of record for most goods in its store. A Supreme Court ruling voided President Donald Trump's import taxes in February.
Google backs a $15 billion loan for Anthropic's next data center. In return for guaranteeing debt with its strong credit, Google is set to take about a 20% stake in the project. Nexus Data Centers is in talks to build the Texas site, powered by an on-site 1.6-gigawatt gas plant.
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