Amazon stock reaches new peak as 17% revenue growth and cloud demand justify $200 billion capital expenditure plan.
Amazon shares reached an all-time high this week, recovering from an earlier sell-off and rising 44% year-to-date. The rally follows strong first-quarter results, where net sales jumped 17%, the fastest growth in nearly five years.
The company’s $200 billion capital expenditure plan, announced three months ago, initially unsettled investors. However, Amazon Web Services (AWS) continues to drive growth, reinforcing confidence in the spending strategy.
Investors are weighing whether the stock’s momentum justifies its valuation, as the company solidifies its position as the largest U.S.-listed firm by trailing revenue.