Amazonvs.Alphabet
AMZN vs GOOGL · both in Cloud platforms, part of the AI & digital infrastructure value chain: Rents out the compute, the 'power grid' of the AI era.
Alphabet is about 1.5× larger than Amazon by market cap; Alphabet trades at the lower P/E (17.3 vs 21.1).
Side by side
| AMZN | GOOGL | |
|---|---|---|
| Market cap | $2.9T | $4.2T |
| Price | $261.06 | $346.96 |
| Today | −0.4% | −0.3% |
| Return YTD | +13.5% | +11.2% |
| Return 1Y | +14.5% | +68.9% |
| P/E | 21.1 | 17.3 |
| P/S | 3.7 | 9.5 |
| P/B | 5.2 | 6.6 |
Data as of 2026-08-26 · updates daily after U.S. close
The two companies
AmazonAMZN
AWS is still the biggest cloud platform, and Amazon increasingly fills it with its own Trainium and Inferentia silicon rather than buying everything in. Bedrock is the model layer sold on top. The company is also Anthropic's lead investor.
Full AMZN profile →AlphabetGOOGL
Few companies own the whole stack. Alphabet runs its own cloud, designs its own TPUs, trains its own frontier model in Gemini, then puts the result in front of users through Search, YouTube and Android.
Full GOOGL profile →More AMZN & GOOGL comparisons
Other head-to-heads in the Cloud platforms segment.