Amazon Stock Gains Fuel Uptrend: Wall Street Focuses on Massive $496 Billion AWS Order Backlog
Amazon (AMZN) stock rose over 5% as analysts highlighted a massive $496B AWS backlog and strong cloud profitability driving long-term AI infrastructure growth.
Amazon's cloud business has a huge pile of work to do ($496 billion worth), which means customers want their services for a long time. When a company has that much work lined up, it usually means steady money coming in and shows people trust the business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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