Amazon shares reached an all-time high this week, supported by accelerating revenue growth and strong performance in its cloud business. Net sales rose 20% in the latest quarter, the fastest top-line increase in five years, while Amazon Web Services revenue jumped 37% and generated more than half of the company's operating profit. The e-commerce segment also improved, with North America revenue up 16% and international up 15%. The stock trades at a forward earnings multiple in the mid-20s, which the article describes as reasonable given Amazon's competitive advantages and planned nine-figure AI investment this year.
