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Barchart
Amit Singh

Amazon Stock Gains Steam, Analysts See 44% Upside Potential

Amazon Stock AWS Amazon.com Inc.

After a lackluster performance in the first half of the year, Amazon's (AMZN) stock has regained momentum. Shares have rallied 20% since the company reported its second-quarter earnings on July 30, driven by stronger-than-expected financial results, accelerating cloud growth, and renewed investor confidence in Amazon's long-term artificial intelligence (AI) strategy.

While concerns over Amazon's aggressive spending on AI infrastructure had weighed on the stock for months, accelerating cloud and AI revenue has helped shift investor sentiment.

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