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Amazon Stock Hits Record High on Strong Earnings and Cloud Growth

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Amazon's stock price has reached an all-time high of $278.87, and is currently trading at $279.70.

The surge in Amazon's stock value reflects the company's continued growth and market dominance across various sectors, including e-commerce, cloud computing, and digital streaming.

According to InvestingPro data, Amazon remains slightly undervalued based on Fair Value analysis, despite a 17% increase in just the past week alone.

The company's Financial Health score is rated as 'GREAT' by InvestingPro metrics, while analysts maintain a strong buy consensus on the $2.93 trillion market cap giant.

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