AMZN Surges 2.1% as Amazon Announces $8B AI-Powered Deal

Shares of Amazon.com (NASDAQ:AMZN) rose by 2.1% on Thursday, reaching an intraday high of $252.73 and closing at $251.19.

The trading volume was significantly lower than the average daily volume, with approximately 29.6 million shares traded.

Amazon's acquisition of backup generators from Generac for AI-powered data centers is expected to reach $8 billion by 2033.

CEO Andy Jassy reported that AWS has reached a $169 billion annual revenue run rate, driven by growing demand for cloud services and AI expansion.