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Amazon Hits $269 on Q1 Beat, 1M Robots Milestone; Cements Top 10-Year Buy

Amazon (AMZN.OQ) shares surged to $269.03 (+1.50%) above $250 resistance after Q1 results showed $181.5B sales (+17%), $30.3B net income, and AWS growth accelerating 28% to $37.6B, with 1M robots deployed boosting automation ambitions. The rally follows CEO Jassy's $600B AWS projection by 2036 and $200B capex plans, Bezos' $100B AI manufacturing fund talks, and heavy institutional buying including Bridgewater (+73% to 2M shares) and D.E. Shaw (+87% to 6M shares). PT hikes to $315/$280 and long-term buy calls reinforce AMZN as a premier AI/robotics hold.

Category

Amazon

Sentiment

Neutral

Event

Other

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1 min