Amazon.com Inc. stock is trending up 3.71 percent amid strong e-commerce growth and cloud demand optimism. In Q3 2026, Amazon delivered $201.9B in sales, up 12% year over year, and hit a record 13.9% operating margin, with AWS running at roughly $184B and ~39% margin. AWS growth re-accelerated to 39.3% year over year for the sixth straight quarter, backed by a $578B backlog and heavy AI infrastructure capex. Management says AWS capacity for 2026 is sold out and most of 2027 is already booked, justifying about $220B of capex focused on data centers and networking. UBS and Freedom Broker lifted AMZN price targets to $352 and $330, flagging a multi-year AWS acceleration and potential AWS revenue growth above 40% in 2027–2028. Bedrock and Amazon's custom Graviton and Trainium chips are scaling fast, with silicon commitments up more than 20x and over $2B in customer savings in Q3.