Amazon AMZN stock price benefited from AI optimism after management highlighted integration into AWS and Alexa, boosting long-term revenue forecasts. For Amazon, the consensus sales estimate for the current quarter of $177.93 billion indicates a year-over-year change of +12%. For the current and next fiscal years, $707.29 billion and $779.75 billion estimates indicate +10.9% and +10.2% changes, respectively. Amazon’s ad business contributes over half of the company’s total operating income, according to Needham. Institutional buying has lifted Amazon AMZN stock price into overbought territory on RSI, signaling possible short-term pullback but strong medium-term trajectory.
