Amazon‘s AMZN $5.3B Saudi Arabia bet is generating fresh buzz on Wall Street this week, as AWS confirmed that its first cloud infrastructure region in the Kingdom of Saudi Arabia is on track for launch by December 2026. The announcement, made at the LEAP conference in Riyadh, reaffirms a multibillion-dollar commitment first unveiled in March 2024 and adds fresh momentum to a stock that has already been rewarding shareholders through 2026.
Amazon shares have returned 10.6% in the year-to-date period, comfortably outpacing the Zacks Internet…
