Amazon Stock Rises 1.3% Amid Cloud Services Growth and Data Center Expansion

Amazon's stock price rose by 1.3% on Friday, with shares trading as high as $253.56 and closing at $251.52.

The company has seen significant growth in its cloud services business, particularly with the reported draft IPO prospectus of Anthropic indicating it could owe Amazon roughly $110 billion over the next decade for cloud services.

This exposure highlights the value of Amazon's stake in Anthropic and strengthens the case for sustained demand for AWS.

Additionally, Amazon plans to invest more than $1 billion over five years in communities hosting its data centers, including job training, education, and infrastructure programs.