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Why Amazon, Nvidia, and Salesforce Stocks Popped Today
Shares of Amazon.com (NASDAQ: AMZN), Salesforce.com (NYSE: CRM), and Nvidia (NASDAQ: NVDA) were up 2%, 2%, and 5%, respectively, as investors rotated back into high-quality growth stocks. Barron’s highlighted Amazon’s attractive growth prospects — in e-commerce, cloud computing, digital advertising, logistics, and healthcare — in a bullish report on Friday. “Growth at Amazon Web Services is accelerating, and revenue from the unit could hit an annualized $100 billion by 2023,” Savitz and Cherney said.
