Amazon.com, Inc. (NASDAQ:AMZN) could become the first company to generate $1 trillion in annual revenue by 2028, according to one market strategist.
Amazon’s Businesses Could Fuel $1 Trillion Revenue Milestone
On Sunday, Futurum Equities Chief Market Strategist Shay Boloor shared his bullish outlook for Amazon on X, saying the e-commerce and cloud giant is “on track to become the first company to cross $1 trillion in annual revenue by 2028.”
Boloor argued the projection is supported by Jeff Bezos’ company’s increasingly diversified business model.
“What makes that possible is that Amazon has become one of the most important infrastructure companies in the world compounding across commerce, cloud, logistics, ads and AI all at once,” he wrote.
The comments underscore growing optimism that Amazon’s expanding artificial intelligence (AI) initiatives, Amazon Web Services cloud business, advertising segment and logistics network could continue driving rapid revenue growth over the next several years.
Amazon Boosts AI Spending And Custom Chips
Amazon plans to invest about $200 billion in capital expenditures in 2026, supported by major customer commitments, including more than $100 billion from OpenAI.
Its custom chip business, led by Graviton and Trainium, has surpassed a $20 billion annualized revenue run rate and is growing at triple-digit rates, with the company expecting lower costs and higher margins over time.
In April, Amazon topped Wall Street expectations in the first quarter, reporting revenue of $181.52 billion versus analysts’ estimates of $177.30 billion.
The company also posted earnings of $2.78 per share, well above the consensus forecast of $1.66 per share.
Price Action: Amazon shares gained 2.5% to close at $232.69 on Friday, according to Benzinga Pro. In the past five years, Amazon shares have gained more than 32%.
According to Benzinga Edge Rankings, Amazon ranks in the 95th percentile for Growth, although the stock has delivered negative returns across the short, medium and long-term periods.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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