Amazon Stock Soars on Good Enough Earnings. The Price of Prime Is Going Up. – Barrons

Amazon Stock Soars on Good Enough Earnings. The Price of Prime Is Going Up. – Barrons

Amazon.com reported strong fourth-quarter results on Thursday, driven by strong growth in both its AWS cloud unit and its growing advertising business.

The results could be a relief to some investors given the weak numbers on Wednesday from Facebook-parent Meta Platforms.

Amazon (ticker: AMZN) shares were jumping 12.6% to $3,129 in premarket…