Amazon stock reaches all-time high driven by AI growth predictions, positive for individual stock.

From Investor’s Business Daily: 2024-07-02 14:44:00

Amazon shares hit an all-time high, surpassing 200 after a recent breakout. Market cap cleared $2 trillion last week, aided by a 20-for-1 stock split. Analysts believe AWS’ AI offering will boost sales growth beyond 18%. CEO Andy Jassy focuses on AI plans, with a $100 billion investment in data centers reported.



Read more at Investor’s Business Daily: Amazon Stock Hits All-Time High As Analyst Predicts AI ‘Inflection Point’