Amazon.com stock approaches an all-time high after the company reported Amazon Web Services growth reaccelerating and a rebound in retail spending following some deceleration last quarter, Davidson analysts Gil Luria and Alex Platt say in a research note. The company’s commentary around AWS suggests that AI features are gaining considerable traction with customers, the analysts say. Management also suggests that AWS core services growth is healthy from new workloads and cloud migration initiatives, they say. Efforts to improve profitability on both the retail side and AWS are boosting the company’s operating margins, the analysts say. Shares rise 7.3% to $200, $1.20 from their all-time high.