AMZNAmazon.com, Inc.
272.68
+0.56%
SUPPORT:268264
RESISTANCE:278285
Past
What happened
Amazon gained 0.6% to $272.68. AWS growth reacceleration and the expanding AI moat narrative kept the stock within 2% of highs.
Why
Why it matters
Amazon's custom Trainium chips and AWS's AI inference platform are positioning it as the picks-and-shovels play alongside NVIDIA. Margins are expanding.
Watch
What to watch
52-week high at $278.56 is the target. Prime Day timing announcement and any new AWS AI product launches could catalyze the breakout.
HEADLINES
- Amazon's quiet AI moat keeps expandingMotley Fool