U.S. stocks were rising Friday afternoon, as shares of Amazon surged following its quarterly earnings results. The Dow, S&P 500 and Nasdaq were on pace to wrap up October with monthly gains despite the government shutdown.

Investors were likely pleased with a re-acceleration in Amazon's closely watched cloud computing unit, which reported $33 billion in sales, up 20% year-over-year and topping analyst estimates.

Amazon stock has climbed less than half the benchmark S&P 500 over the past five years.

Amazon.com, Inc. outperformed expectations for Q3 2025, with AWS and Ads growth accelerating. Learn more about AMZN stock here.

What To Know: Amazon reported earnings per share of $1.95, beating the consensus estimate of $1.57. In addition, the company reported sales of $180.16 billion, beating the consensus estimate of $177.75 billion.

Investors cheered the tech giant’s latest results showing that its huge investments in artificial intelligence are beginning to show returns.

Amazon's stock surged 13% after the company reported hotter-than-expected earnings and revenue growth of 20% in its cloud business. The e-commerce giant also hiked its capital expenditures guidance for 2025 to $125 billion and said that the figure should be even higher next year.

The market is finally remembering that Amazon is part of the Magnificent 7. Following a blowout earnings report, the stock climbed more than 14 percent after hours to surpass the year-to-date gains of Apple and Meta, leapfrogging both names for the first time in months.