Amazon Stock Rally Driven by Infrastructure Investment and AWS Growth
Amazon's stock has risen 12% in a week, reaching near its all-time high, despite a lower price-to-earnings multiple. The rally is attributed to a shift in market sentiment, focusing on Amazon's infrastructure investments and AWS growth, rather than recent free cash flow declines. CEO Andy Jassy emphasized that the $200 billion 2026 infrastructure spending is backed by customer commitments.
Topics: Amazon stock rally AWS growth CEO commentary free cash flow infrastructure spending valuation analysis