Stocks
Amazon Stock Surges as AWS Growth Accelerates
Amazon's stock price closed at $251.52 on October 2, 2026, marking a 1.33% increase from its previous close of $248.23 on Nasdaq.
The surge in Amazon's share price comes after the company reported strong second-quarter revenue growth, with AWS (Amazon Web Services) being the central driver of earnings.
According to Fortune, AWS revenue climbed 36.7% year-over-year to $42.2 billion, while its operating income reached $16.6 billion and segment margin hit 39.4%
The market remains bullish on Amazon's prospects, with an average price target of $321.19 from analysts, representing a 27.7% premium over the current closing price.