Amazon’s stock surged 10% after reporting accelerated growth in its cloud computing arm, AWS. Third-quarter sales hit $180 billion, with AWS sales jumping 20% to $33 billion. The e-commerce giant plans to cut costs by potentially eliminating 30,000 jobs. Amazon is investing heavily in robotics and automation, boasting over 1 million robots in its warehouses. Operating cash flow increased by 16% to over $130 billion. CEO Jassy expects AI investments to drive long-term growth. While Amazon is a strong investment, consider other top stocks recommended by Stock Advisor for potential high returns.

Read more at 1. “Tesla announces record-breaking profits in Q3 earnings report” – CNBC
2. “Apple unveils new iPhone 13 models with improved cameras and performance” – Reuters
3. “Federal Reserve raises interest rates for the first time in over a decade” – Wall Street Journal
4. “Amazon faces antitrust investigation by European Union regulators” – CBS MarketWatch
5. “Facebook whistleblower testifies before Congress about platform’s harm to society” – Barchart: Why Amazon Stock Surged to an All-Time High Today