) shares are trading near their recent record high of $200, achieved at Tuesday's market close. This milestone comes after the companybreaks down the factors propelling Amazon's growth alongside CEO Andy Jassy's strategic initiatives since taking the helm from founder Jeff Bezos.We are keeping a close eye on Amazon shares fairly muted this morning down about 1% after hitting its highest point ever.
Yeah, man, I think a lot of this has to do with Andy Jasse and his kind of uh cost uh controls that he put into place.Uh Part of the, the reason why they had that pullback uh last year um was because in the year before it was because of the over expansion that they during COVID. But A I has helped to drive new expansion there and the investments that they're making in A I is helping with that as well.So that's really, I think where a lot of people are going to be looking or Amazon to kind of drive its next level of growth, that kind of ability for them to tap into their A I capabilities.Microsoft obviously is basically, you know, best friends with open A I. Um and Google has its own A I capabilities that it's pushing uh in their cloud services as well.