Why Amazon Stock Surged to an All-Time High Today

The online retail giant intends to remain a powerful force in the AI race.Shares of Amazon (AMZN +9.58%) jumped nearly 10% on Friday after the e-commerce juggernaut said growth was accelerating in its lucrative cloud computing business. Cloud gains are fueling Amazon's profit growthAmazon's third-quarter sales grew by 13% to $180 billion. The company's cloud infrastructure platform, Amazon Web Services (AWS), saw its sales rise by 20% to $33 billion, a notable increase from the 17.5% growth it delivered in ...