Amazon (AMZN +1.25%) shares broke out to new all-time highs following its strong first-quarter earnings report, although the stock was unable to keep its gains. Its shares are up about 40% over the past year, as of this writing. However, I believe Amazon is still in the early stages of its overall rally and predict it has a lot of upside ahead, both this year and in the coming years.
Let’s take a closer look at its Q1 2026 results and why I think the stock is still a great buy.
Today’s Change
(1.25%) $3.30
Current Price
$268.36
Key Data Points
Market Cap
$2.9T
Day’s Range
$262.74 – $273.31
52wk Range
$183.85 – $273.88
Volume
2.5M
Avg Vol
53M
Gross Margin
50.60%
Cloud growth continues to accelerate
The big three cloud computing companies — Amazon, Microsoft and Alphabet — all reported their earnings on the same day (after the bell on April 29). The one clear message all three sent is that demand is booming due to artificial intelligence (AI). Just as impressive, though, is that cloud operating…
https://www.fool.com/investing/2026/05/03/prediction-amazon-stock-is-still-a-buy-after-hitti/