Reported 6 months ago
Amazon stock recently hit a record high after being below its 2021 peak for almost three years, despite an 81% gain last year. With a renewed climb since its previous low, the stock surpassed its previous record in April, reflecting investor confidence in Amazon's potential. The company's focus on artificial intelligence (AI) further fuels this confidence, with investments in AI technology for services like AWS and e-commerce. With a market cap of $1.9 trillion, Amazon is still seen as having potential for further growth, supported by positive ratings from Wall Street analysts and expectations of future stock gains.
Source: YAHOO