Amazon.com Touches New Record High

Amazon.com shares climbed more than 1% intraday, touching their highest level ever, after billionaire investor Mark Cuban told CNBC the company was his biggest holding.

Shares of Facebook, Alphabet and Amazon also climbed after Cuban said the so-called FANG stocks are undervalued and their “incredible run is just getting started”. Cuban noted Amazon is the ultimate Artificial Intelligence company. “They want to know what you need and when you need before you know you need it.” The new 52-week price range for Amazon shares is $682.11 – $962.20.

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