Amazon (NASDAQ: AMZN) and its investors didn't have the best 2022. The stock lost nearly 50%, and the company reported its first annual loss in almost a decade.

Higher inflation and a rapid ramp-up of its fulfillment network were costly for the company. And investors started to wonder just how long this e-commerce giant's earnings and share price would remain in the doldrums.

Fast forward to today, and Amazon's luck seems to have changed. The stock has soared more than 40% so far this year. And earnings are showing signs of improvement.

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Source Fool.com