Amazon Stock Skyrockets: AI Innovations and $2.5B FTC Deal Ignite Tech Giant’s Rally
Amazon shares traded near $228 on Oct. 27, up 3–4% for the week after rebounding from early-October lows. The company settled a $2.5 billion FTC probe in late September and quickly resolved a major AWS outage on Oct. 20. Wall Street remains bullish, with a consensus 12-month price target in the mid-$260s. Q3 results are due Oct. 30, with revenue expected around $177–178 billion.