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2/4/2021 4:50:21 AM GMT As the Reddit mania continues to unwind, with GameStop shares plunging 60%, US markets have managed to claw back most of their recent losses over the last two days with the very real possibility that we could well see new record highs by the end of the week. The latest earnings numbers from both Amazon and Alphabet after the bell last night could well be the catalyst that realises that after Amazon posted its first ever $100bn quarter, posting $125bn worth of sales, generating an annual profit of $21.3bn, with its cloud business generating over $13bn of that number. The only cloud, pun intended, if you can call it that, was the announcement that Amazon CEO Jeff Bezos was stepping down after 25 years, to be replaced by AWS supremo Andy Jassy.

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