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Why Amazon Rallied in October

TheMotleyFool

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Shares of Amazon (NASDAQ: AMZN) rallied 11.2% in October, according to data from S&P Global Market Intelligence.

Amazon's stock actually struggled through most of the month, as heightened tensions between the U.S. and China caused tech investors to take some risk off the table after a strong run.

However, Amazon delivered much better-than-expected earnings on Oct. 30, especially in its key Amazon Web Services segment, which some had feared was losing share in the age of generative AI.

Source Fool.com

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