Amazon (AMZN) has broken out into all-time high territory, closing at $200.02 (above last week’s all-time high mark of $199.84). AMZN stock is firing on all cylinders and ready to take on all AI titans as it enters the space from the e-commerce angle. Some analysts believe Amazon’s AI initiatives—particularly in healthcare, advertising, e-commerce, and cloud computing—could push the company towards a massive $3 trillion valuation. Amazon dominates US e-commerce with a whopping 37.6% market share, and its AWS leads the cloud market. Given its dominant position and AI adoption, analysts predict nearly 30% annual earnings growth for the next few years. Analyzing AMZN Stock, Technically Technically, as is the case fundamentally, AMZN’s price action is firing on all cylinders (see chart below). CHART 1. DAILY CHART OF AMAZON. Amazon’s SCTR score is over the 90 line, which is exceedingly bullish.Chart source: StockCharts.com. For educational purposes. AMZN’s SCTR score is…
