Why Amazon Stock Surged to an All-Time High Today
The online retail giant intends to remain a powerful force in the AI race.Shares of Amazon (AMZN +9.58%) jumped nearly 10% on Friday after the e-commerce juggernaut said growth was accelerating in its lucrative cloud computing business. Cloud gains are fueling Amazon's profit growthAmazon's third-quarter sales grew by 13% to 33 billion, a notable increase from the 17.5% growth it delivered in ...