Dear Amazon Stock Fans, Mark Your Calendars for February 5

On Feb. 5, Amazon is expected to post earnings. And if the numbers are as good as they were in October, the stock could explode higher.

When Amazon posted earnings on Oct. 31, its stock rocketed 16% from $222.75 to a high of $258.60. Amazon had just beaten across the board, boosting its spending forecast thanks to growing demand for artificial intelligence. Amazon Web Services (AWS) saw 20% year-over-year (YoY) growth to $33 billion. Revenue in its digital advertising business saw revenues jump 24% to $17.7 billion. Total Amazon sales were up 13% to $180.17 billion, which beat estimates of $177.8 billion. EPS was $1.85, crushing estimates of $1.57.

Amazon even raised its forecast for capex spending for 2025 to $125 billion from earlier estimates of $118 billion. That…