Stock Market Today, April 9: Amazon Surges After CEO Details AI and AWS Growth Plans
Trading volume reached 64.9 million shares, coming in about 30% above its three-month average of 50.1 million shares. Amazon IPO’d in 1997 and has grown 238,520% since going public.
How the markets moved today
The S&P 500 (SNPINDEX:^GSPC) added 0.61% to finish Thursday at 6,824, while the Nasdaq Composite (NASDAQINDEX:^IXIC) advanced 0.83% to close at 22,822. Within internet retail, peers Alibaba Group (NYSE:BABA) closed at $127.68 (+1.88%) and MercadoLibre (NASDAQ:MELI) ended at $1,793.2 (+0.98%), posting more modest gains than Amazon’s AI-fueled rally.
What this means for investors
Investors have been shocked at how capital spending plans for building out AI infrastructure have soared this year. Amazon CEO Andy Jassy sought to convince stakeholders that the company will prove those are good investments in his annual shareholder letter.
Jassy revealed for the first time that the company is already seeing a $15 billion revenue run rate from AI services at its AWS cloud-computing unit. He added, “We’re not investing approximately $200 billion…on a hunch. Of the AWS capex we expect to spend in 2026, much of which will be monetized in 2027-2028, we already have customer commitments for a substantial portion of it.”
That convinced enough investors to bid shares up more than 5% today.
Don’t miss this second chance at a potentially lucrative opportunity
Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.
On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:
- Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $472,291!*
- Apple: if you invested $1,000 when we doubled down in 2008, you’d have $49,299!*
- Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $536,003!*
Right now, we’re issuing “Double Down” alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon.
*Stock Advisor returns as of April 9, 2026.
Howard Smith has positions in Amazon. The Motley Fool has positions in and recommends Amazon and MercadoLibre. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Discover more from stock updates now
Subscribe to get the latest posts sent to your email.
