Amazon Stock Price Hits Record High

NASDAQ Composite Index Sees Significant Gains

Investors React Positively to Strong Earnings Report

Amazon stock has reached a record high, closing at \$1,796.25 on April 26. The company's strong earnings report and positive outlook have driven investor confidence. The NASDAQ Composite Index has also seen significant gains, rising by 3.43% to close at 10,646.58.

Amazon's earnings per share came in at \$10.89, surpassing analyst estimates of \$10.26. The company's revenue also grew by 21% to \$116.4 billion, above expectations of \$115.4 billion. Amazon attributed its success to strong growth in its e-commerce, cloud computing, and advertising businesses.

Investors are optimistic about Amazon's future prospects. The company is well-positioned to benefit from the continued growth of online shopping and digital services. Amazon is also investing heavily in its cloud computing and advertising businesses, which are expected to be major drivers of growth in the coming years.