Shares ofAmazon.com Inc.(NASDAQ:AMZN) surged 2.3% to new all-time highs on Wednesday, lifting its impressive year-to-date gains to 44%.

Robust early holiday sales data and optimism surrounding growth signals from AWS's annual conference in Las Vegas fueled bullish investor sentiment.

The e-commerce giant has now rallied by 160% since the start of 2023, and is on track for its strongest two-year performance since the 2009-2010 period.

Record Cyber Sales Fuel Amazon's Stock Momentum

Amazon revealed that the 12-day shopping period ending Cyber Monday delivered "record sales and items sold," with over 60% of transactions coming from...