Amazon.com, Inc.

275.95

+1.43%

BABA

PDD

JD

EBAY

CPNG

MELI

W

BBY

CHWY

ETSY

BABAView stock

Both run huge online shopping marketplaces that connect sellers with millions of buyers, so they compete for the same shoppers and merchant fees. Alibaba’s Taobao and Tmall also overlap with Amazon in broad product search, marketplace sales, and cloud services.

Amazon edges higher as it turns its delivery network into a business of its own

As of May 4, 2026

For informational purposes only.

Summary

Amazon’s stock rose modestly to around $272 today, staying near record highs after a huge run, as trading looked more like steady buying than a frenzy. The main new twist is Amazon Supply Chain Services, which opens its massive delivery network to any business and nudges Amazon toward being a logistics utility, not just a store.

Under the surface, investors are still digesting blockbuster Q1 results: AWS and AI are powering strong growth and record margins, but massive data-center and chip spending means free cash flow is still under pressure. For you, this means the business story keeps getting better and more diversified, but the share price already reflects a lot of optimism, so future moves will likely hinge on whether cloud/AI demand stays hot and whether all this spending turns into lasting, surplus cash rather than just bigger revenue numbers.

Amazon inched higher again today, closing around $272, near its recent highs. For you, the big picture is: the business story keeps getting stronger (cloud, AI, logistics), but the stock has already run very far, very fast, so the “easy money” feeling is behind us and swings either way from here would not be surprising.

What happened today

The stock rose about 1–2% on slightly below‑average trading volume. That combination — a modest gain, normal volatility, and no surge in trading activity — looks more like steady buying than a wild rush.

Price-wise, shares are near the top of their recent range after jumping almost 30% in the last month. Technically, that’s what traders call “extended”: the trend is clearly up, but the stock is no longer cheap on a short‑term chart. It wouldn’t take much bad news (or just profit‑taking) to knock it back a bit.

Why it moved: 3 main drivers

1. New logistics business: Amazon as a global delivery utility
The fresh news today is Amazon Supply Chain Services. In plain English, Amazon is telling any business, “Use our trucks, planes, warehouses, and delivery routes — even if you never sell a thing on Amazon.com.”