Amazon Stock Breaks Out On Insatiable AI Demand; Rush to Update iPhones Lifts Apple; Sentiment Back To Extremely Positive

News Snapshot:

Insatiable AI Demand Please click here for an enlarged chart of Amazon.com, Inc. (NASDAQ:AMZN). Note the following: This article is about the big picture, not an individual stock. The chart of AMZN stock is being used to illustrate the point. The chart shows the gap up in AMZN stock after earnings. The chart shows AMZN stock has technically broken out. The chart shows zone 1. This was previously a resistance zone and has now turned into a support zone. RSI on the chart shows AMZN stock is very overbought. Overbought stocks are susceptible to a pullback. Amazon had been losing...