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Amazon (AMZN) Tops Walmart With $716.9 Billion in Annual Revenue

We recently published an article titled 12 Best Retail Stocks to Buy According to Analysts.

On February 20, Amazon.com, Inc. (NASDAQ:AMZN) surpassed Walmart as the largest U.S. company by annual revenue, generating approximately $716.9 billion in sales compared to Walmart’s $713.2 billion for the comparable period.

On February 5, Amazon.com, Inc. (NASDAQ:AMZN) reported fourth-quarter 2025 worldwide revenue of $213.4 billion, representing 12% year-over-year growth excluding foreign exchange impacts. Operating income reached $25.0 billion, while trailing twelve-month free cash flow totaled $11.2 billion. Full-year operating cash flow increased 20% year over year to $139.5 billion. Momentum in artificial intelligence offerings accelerated, with Amazon Bedrock achieving a multibillion-dollar annualized revenue run rate and customer spending increasing 60% quarter over quarter. Developers utilizing Curo expanded by more than 150% sequentially, and agent-based products—including Curo, Quick for knowledge workers, and Frontier agents—demonstrated rapid adoption. The company plans approximately $200 billion in capital expenditures, primarily directed toward AWS infrastructure expansion.

Over the past 12 months, Amazon.com, Inc. (NASDAQ:AMZN) added approximately 3.99 gigawatts of power capacity, including more than one gigawatt in the fourth quarter, with management indicating that newly installed capacity is being monetized efficiently. Revenue leadership, accelerating AI monetization, and substantial infrastructure investment reinforce Amazon’s positioning across retail, cloud computing, and digital advertising, strengthening the long-term growth profile.

Founded in 1994 and headquartered in Seattle, Washington, Amazon.com, Inc. (NASDAQ:AMZN) is widely classified as an internet retail and consumer discretionary company, while also operating a leading cloud computing platform through AWS and a high-margin advertising business. Its diversified model and scale advantages support sustained competitive leadership.

While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMZN and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Best Data Storage Stocks to Buy Right Now and 12 Best Retail Stocks to Buy According to Analysts

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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