Amazon's stock is positively impacted by the announcement of AWS's $12.7 billion investment in India's cloud infrastructure, which is expected to generate 131,700 full-time jobs. Additionally, hedge funds like Tiger Global Management and Berkshire Hathaway have increased their exposure to the stock. The company has also made significant advancements in AI-driven logistics, ChatGPT-like search, and a new lineup of Echo products, which contribute to the stock's upward trajectory.