Amazon Stock: Share Price Hits Record High Amid AI Push

Amazon's strategic pivot toward artificial intelligence is paying dividends as the tech giant's stock reaches unprecedented heights, touching $241.77 per share. This milestone comes alongside robust financial performance, with the company reporting an impressive 11.04 percent revenue surge to $158.88 billion in the latest quarter. The e-commerce behemoth's strong market position is further evidenced by its standing as the world's fourth most valuable brand, commanding a brand value of $308.9 billion. Earnings per share reached $1.46, demonstrating the company's continued ability to convert market dominance into profitable growth.

Analyst Outlook Remains Bullish

Market experts maintain an optimistic stance on Amazon's trajectory, setting an average price target of $244.86 per share. This positive outlook is primarily driven by the company's enhanced focus on artificial intelligence initiatives and the ongoing expansion of its cloud computing division. Analysts project annual earnings per share to reach $5.15, underscoring the company's solid market position and growth potential in key technological sectors.