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Amazon Stock (AMZN) Hits All-Time High on Strong Earnings and AI Deal

Amazon Stock (AMZN) Hits All-Time High on Strong Earnings and AI Deal

Author:

Global Cryptocurrency

Published:

2025-11-03 17:22:03

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Amazon's stock surged to a split-adjusted record of $255.54 following robust Q3 earnings and a $38 billion AI partnership with OpenAI. The 15% two-day rally reflects renewed confidence in the tech giant's cloud computing growth and AI ambitions.

Cloud revenue accelerated to 20% year-over-year, marking its strongest performance since 2022. CEO Andy Jassy emphasized AI-driven demand as the catalyst, though the report notably omitted cryptocurrency implications despite Amazon's growing blockchain patents.

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