Why Amazon (AMZN) Stock Is Trading Up Today

Shares of cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) jumped 10.4% in the afternoon session after the company reported third-quarter results that surpassed Wall Street’s expectations, driven by strong growth in its cloud computing division. Amazon’s net sales rose 13.4% from the previous year to $180.2 billion, beating estimates, while earnings per share came in at $1.95, also well above analysts’ forecasts. A key highlight was Amazon Web Services (AWS), the company’s cloud u