TradingKey – Following the quarterly earnings release and a 20% improvement in the year-on-year growth rate in Amazon(AMZN)’s total revenues to $200.6 billion, Amazon’s stock value for the first time in 2023 rose 15.3% in a single day. The AWS division’s revenues also improved for the first time in two years, increasing 37% year-on-year. Amazon’s operating income and operating margin improved by 43% and 13.7%, respectively and reached $27.5 billion.

Amazon announced an additional investment of $35 billion in OpenAI. This investment is part of a multi-billion dollar investment to develop the entire AI ecosystem. The Fibonacci extension estimates that Amazon is expected to reach a stock price of $279.76 in the near future. The highest…