Amazon (AMZN) Hits $270 as AWS Growth Hits 4-Year High on $200B AI Bet

Amazon (NASDAQ: AMZN) shares surged 2.74% in after-hours trading to $270.25 on April 29, 2026, as the e-commerce and cloud titan silenced skeptics with a massive re-acceleration in its AWS division. While investors initially balked at a historic $200 billion annual AI capital expenditure target, the Q1 results confirmed that the AI payoff has arrived ahead of schedule, with cloud growth hitting its fastest pace in nearly four years.