What's Driving Amazon Stock To New Highs?
1. Amazon's stock surged 176% from $84 to $232 in 2023. 2. P/S ratio increased 124%, indicating strong investor confidence. 3. Revenue grew by $156 billion, driven by AWS and advertising. 4. AWS remains Amazon's primary growth engine, with a 34% revenue increase. 5. Intense AI competition poses future risks to Amazon's cloud leadership.