Amazon.com (NASDAQ:AMZN) stock is soaring Friday after the company’s double beat in the second quarter and explosive AWS growth.

That’s good news for Amazon shareholders, including Bill Ackman. • Amazon.com shares are climbing with conviction.

Why is AMZN stock surging?

Ackman Bets on Amazon.com Stock In the second quarter of 2025, Ackman took a stake in Amazon.com stock via the Pershing Square Inc (NYSE:PSUS) investment portfolio.

The initial stake was 5,823,316 Amazon shares.