Amazon (NASDAQ: $AMZN) Rises 2%+ on Wednesday After Record-Breaking First Quarter Earnings Beat

Amazon (NASDAQ: $AMZN) is a major tech company excelling in e-commerce, cloud computing, digital streaming, and artificial intelligence. Since Jeff Bezos founded it as an online bookstore in 1994, it has grown into one of the world’s most valuable companies and a dominant force in the online retail industry.

On April 30, 2024, Amazon (AMZN) reported stellar first-quarter earnings that surpassed Wall Street expectations. The e-commerce giant’s relentless pursuit of innovation, the robust performance of its cloud computing arm, Amazon Web Services (AWS), and a strong advertising business propelled the company to new heights.

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