Amazon's share price rallied to near $270 in late trading Friday, propelled by Q1 2026 earnings released April 29 that beat consensus estimates with 17% net sales growth to robust AWS revenue expansion and $200 billion annual capital expenditures signaling aggressive AI infrastructure investment. This post-earnings momentum, amid analyst average price targets of $303 (range $207–$370), underscores trader consensus on Amazon's cloud dominance and e-commerce recovery, with shares up over 30% in recent weeks from $200 levels. For the May 4 week close, Polymarket sentiment prices in sustained upside barring tech sector pullbacks or softer macroeconomic prints like May nonfarm payrolls, with low near-term volatility expected.