Business · Markets · 1 hr ago
Amazon shares rise as investors back its cloud and AI businesses
Amazon shares rose 3.29% on Friday to $262.43, bringing the company’s market value to $2.83 trillion.
The increase put Amazon in fifth place among the world’s most valuable companies.
Investors have been encouraged by Amazon Web Services, its cloud-computing business, which is benefiting from demand for infrastructure used in artificial intelligence.
Amazon’s retail business has also been highlighted for improving operating efficiency.
Financial firms Tigress Financial and Rosenblatt raised their price targets for Amazon.
Investors are waiting for companies to report their third-quarter results and give updated growth guidance.
Amazon is expected to report earnings later this month, with the market anticipating strong results.
Amazon shares rose 3.29% on Friday to $262.43.
The company’s shares have gained 13.69% so far this year.
Investors and analysts have backed Amazon, citing its cloud and artificial intelligence businesses.
Amazon Web Services is benefiting from demand for infrastructure used in artificial intelligence.
Amazon’s market value reached $2.830 trillion, making it the world’s fifth most valuable company, according to the article.
- Who
- Amazon and its investors.
- What
- Amazon shares rose 3.29% to $262.43.
- When
- On the Friday before the article was published on October 12, 2026.
- Where
- Wall Street.
- Why
- Investors backed Amazon’s cloud and artificial intelligence businesses, and the article also cited confidence from investment funds and analysts.
This story does not have two clearly opposing sides.
According to reports, OpenAI's annualized revenue was around $50 billion at the end of September, below the roughly $68 billion reported a month earlier. The doubt was cleared up when it emerged that the company expects to close 2026 above $70 million.
Investors are waiting for the results of the third-quarter 2026 corporate earnings season, mainly from companies in the technology sector, to learn about their growth guidance.
Amazon shares rose 3.29% to $262.43.
El Economista MX published its report on Amazon’s share rise.
- Share price
- $262.43
- Friday share gain
- 3.29%
- Year-to-date share gain
- 13.69%
- Market value
- $2.830 trillion
- Global ranking by market value
- Fifth
Sources
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