Amazon experienced a notable upward move in its stock price today, characterized by significant intraday volatility. The primary catalyst driving investor optimism is the demonstration of immense pricing power within its cloud computing division, Amazon Web Services (AWS). Amazon recently announced a twenty percent price hike on its highly demanded reserved GPU capacity, effective July 1. As the third consecutive quarterly price increase for these specialized chips, the move signals to Wall Street that AI compute demand remains exceptionally high and continues to outpace supply. This strong pricing leverage helps alleviate persistent market anxieties regarding Amazon’s massive capital expenditure plans for the year, proving that the…