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Shares of the company surged over 7% on Friday, reaching a $1 trillion market capitalization.
The e-commerce giant's investments in its various initiatives like one-day shipping continues to pay off, easing analyst concerns over the cost of heavy spending. In addition, the company reported a record number of prime members while the company's cloud business, Amazon Web Services, continues to get bigger and faster despite increasing competition from the likes of Microsoft and others.
Here's what else analysts are saying about Amazon's earnings report: