The stock is surging following Amazon's better-than-expected third-quarter financial results. Amazon reported accelerating growth in its cloud business (Amazon Web Services).
The AI hyperbuild is now an accounting line item, with major tech companies raising 2025 capital expenditure plans and pointing to even larger 2026 budgets. Nvidia has more than $500 billion in revenue visibility through 2026 from Blackwell and Rubin GPU orders, with demand tied directly to hyperscaler spending.
A Wall Street analyst has issued a bullish outlook on Amazon (NASDAQ: AMZN) stock as the equity rides strong momentum following its impressive third-quarter earnings.
Amazon is an important business, and that's not likely to change anytime soon. The company's cloud-computing platform generates most of its profits, and demand is currently outpacing supply.
Amazon's cloud business knocked it out of the park and CEO Andy Jassy hinted that the unit is gaining momentum heading into the next few months giving him 'significant confidence' he said.
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