Since the beginning of last year, Amazon (NASDAQ: AMZN) stock has experienced a resurgence. It is near an all-time high, as its recovery erased all the losses of the 2022 bear market and rose by about 55% over the last year.

With that gain, investors may question what it can do over the next year. Will its march higher continue, or will its considerable growth over a short time frame set it up for another pullback over the next 12 months?

At first glance, investors may credit Amazon's gains with artificial intelligence (AI). Indeed, the optimism surrounding generative AI has boosted stocks such as Nvidia and Palantir. With its position as the leading cloud infrastructure provider through its Amazon Web Services (AWS) segment, mastering AI is critical to Amazon maintaining its market lead.

Continue reading

Source Fool.com