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Amazon Stock Surges as AWS and Custom AI Chips Accelerate Growth

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The Story

News Summary

  • Amazon outperforms Alibaba with 20% revenue growth and surging operating income fueled by accelerating 37% AWS growth and proprietary AI chips.
  • Strong advertising and disciplined execution solidify AMZN's market leadership despite heavy AI capex investments.
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Stored market data

AMZN price history

256.78 +13.48% over the displayed period

Advisor Snapshot

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