As Amazon’s Alexa technology and artificial intelligence programs become more advanced, Amazon’s stock has gained about 12% since the start of 2017, according to data compiled by Bloomberg.
The stock has risen about 40% since its October 2015 closing price of $45.51.
The company reported a $8.5 billion revenue shortfall last year.
Amazon shares have risen a staggering 7.2% from the end of January to the end at the end March, according a Bloomberg analysis of data from Bloomberg’s Indexes for the S&P 500, a benchmark index of the companies’ stock prices.
Amazon’s performance has been a major driver of the recent surge in Amazon traffic, which is now up more than 8.7% over the past month, according the Bloomberg analysis.
Amazon shares rose by almost 5% on Thursday after it announced its quarterly profit.
Analysts had forecast that the company would post a profit of $1.13 per share, according with The Wall Street Journal.
Analysts expect Amazon to post a $2.27 billion profit for the fourth quarter, according The Wall St Journal.
Amazon shares are up almost 17% since Amazon announced its fourth-quarter earnings results, but the company has seen some of the most dramatic growth in its stock since it announced the earnings results in October.
Amazon said the stock will expand by about 4% this year.
The company has posted a record-breaking increase in its profits for a fourth quarter in its history.
Its shares rose almost 17 percent from the beginning of the year to the start at the April-June quarter.
Amazon is now on track to post $10.3 billion in profit in 2018, up from $8 billion last year, according Bloomberg data.
According to the latest earnings numbers, Amazon is currently $1,100 ahead of the S-E of the Dow Jones Industrial Average, according with its stock trading near the midpoint of the index.