Amazon Hits New All-Time High, Closing Up 1.67% at $189.05

Amazon's stock reached a new all-time high, marking its first record high since 2021. The e-commerce and cloud computing giant's shares saw a gain of 1.5%, closing up 1.67% at $189.05. This achievement places Amazon alongside technology giants such as Meta, Microsoft, and Nvidia, which have also set new records. The stock's significant rise comes after a period of nearly three years without reaching new highs, ending its second-longest streak of trading days without a new all-time closing high. Amazon CEO Andy Jassy highlighted the company's opportunities in AI in his annual shareholder letter released the same day, contributing to the positive momentum. The stock has surged 125% since bottoming out at the end of 2022, completing a remarkable comeback.