Amazon Stock Rockets 12% After AI-Driven Cloud Surge & $2.5B FTC Win! 🚀
Amazon shares jumped 12% to about $250 on Oct. 31 after strong Q3 earnings and AWS news. Net income rose 39% to $21.2 billion, with AWS sales up 20%. Analysts remain bullish, with most rating the stock a “Buy” and targets in the mid-$260s. Amazon announced a $2.5 billion FTC settlement and plans to cut 30,000 jobs.