May 9, 2026
Amazon (NASDAQ: AMZN) shares have surged in recent weeks, hitting new record highs following the release of its first-quarter earnings late last month. The stock has gained roughly 27% over the past month, leading some investors to fear they have missed the opportunity.
However, an examination of the company’s fundamentals indicates the narrative may be in its early stages. Two key growth drivers are simultaneously accelerating: Amazon Web Services (AWS) and the company’s in-house chip development. AWS is experiencing faster expansion, while Amazon’s semiconductor initiative—initially a niche experiment—has quietly evolved into one of the globe’s largest data center chip operations.
AWS is gaining momentum. Amazon’s first-quarter revenue increased 17% year-over-year (or 15% excluding currency effects) to $181.5 billion. The highlight was AWS, the cloud computing division, where revenue rose 28% year-over-year to $37.6 billion….
https://www.indexbox.io/blog/amazon-stock-hits-all-time-highs-as-aws-and-chip-business-accelerate/
