Amazon is expected to rise for the sixth consecutive month. Analysts believe that the AWS business may support the longest upward trend in 12 years.
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E-commerce and cloud computing leader Amazon announced optimistic performance this month, further indicating the stability of its Amazon Web Services (AWS) business. The stock price is expected to continue its sixth consecutive month of growth, setting the longest continuous monthly upward trend in 12 years. Amazon's last recorded monthly consecutive upward trend was in July 2011, when the stock price rose for six consecutive months.
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