Reported about 5 hours ago
Amazon's stock has surged by 12% in just four trading days, boosting its market value by approximately $300 billion, following strong earnings from its cloud segment, Amazon Web Services (AWS), and a significant deal with OpenAI. This resurgence alleviates earlier concerns about competition in the cloud market. Analysts suggest that AWS's growth could sustain itself, offering a promising outlook for Amazon's future in the competitive landscape, although the stock still lags behind key market indices and peer companies in the technology sector.
Source: YAHOO