The cloud is back at Amazon, putting the stock on a path back to Covid-era record highs

Packages at Amazon’s success middle in Robbinsville, New Jersey, Nov. 27, 2023.

Mike Segar | Reuters

Amazon shares jumped after-hours Thursday, following the e-commerce and cloud computing large’s sturdy fourth quarter. Results like this occur when Amazon shifts its mindset from an “investing” cycle to a “harvesting” section, which normally leads to massive revenue numbers like what we noticed in the quarterly print and what was forecasted in the future.

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