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Amazon (AMZN) stock has regained momentum ahead of the first-quarter 2026 earnings scheduled for Wednesday, April 29. Shares of this e-commerce and cloud leader recently hit an all-time high of $265.50 and have risen 27.4% in the past month.
A key catalyst pushing Amazon's stock higher is its deepening push into artificial intelligence (AI). Amazon recently expanded its partnership with Anthropic. Per the agreement, Anthropic plans to invest more than $100 billion over the next decade into Amazon Web Services (AWS), securing massive computing capacity to train and operate its Claude AI models. This long-term demand not only reinforces AWS’s central role in the AI ecosystem but also provides Amazon with a highly visible growth runway.