Amazon’s stock, which has lagged the S&P 500 since Jeff Bezos stepped down as CEO, just had its biggest jump in over a decade—sparked by a strong earnings report showing record revenue growth and a 43% surge in operating income. While Prime Day’s timing boosted short-term numbers, AWS remains the engine of profit, with AI and chip businesses exploding at triple-digit growth rates and hitting $25 billion in annual run rate. Even grocery and delivery investments are paying off. After years of underperformance, Amazon may be hitting an inflection point—and could finally start closing the gap with the market, making it a compelling long-term play.
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