Why Amazon Stock Was Moving Higher Today
Shares of Amazon (NASDAQ: AMZN) were among the winners as strong cloud infrastructure results from Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) seemed to lead investors to believe that Amazon will report similar strength in its cloud unit when it reports first-quarter earnings next Tuesday.
Both of its Magnificent Seven peers also reported strong overall results, sending tech stocks up broadly today, and stoking enthusiasm for Amazon's update next week.
As a result, Amazon stock was up 3.4% at the close on Friday.
Source Fool.com
Alphabet Inc. C Stock
€159.40
0.080%
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
With a target price of 161 € there is a slightly positive potential of 1.0% for Alphabet Inc. C compared to the current price of 159.4 €.
