Amazon Stock Jumps To A New High — And A Buy Zone

Group 1 - Amazon's stock reached a record high following a strong quarterly financial report, driven by growth in Amazon Web Services (AWS) [1][5] - The performance of major tech companies, including Meta, Google, Microsoft, and Apple, indicates a continued commitment to investing in the AI megatrend [2][3] - CommScope Holding was highlighted as the IBD Stock Of The Day, breaking out on earnings after receiving a boost from Amphenol [5] Group 2 - The overall stock market showed positive momentum, with significant contributions from tech stocks like Amazon and Apple, amidst concerns regarding AI spending impacting companies like Meta [5] - Broadcom's stock has increased by 62% this year and is currently trading within a buy zone, reflecting strong investor interest [5] - The Nasdaq index led the market charge, with Nvidia experiencing what is described as an 'AI virtuous cycle' [5]