Why Is Amazon Near a 52-Week High So Much Cheaper Than Walmart at Its Lowest Level This Year? This Is the Only Answer I Can Think Of.

Amazon is trading near a 52-week high at about $262 per share, up roughly 14% year-to-date, while Walmart sits near its lowest level of the year at around $115, up about 3% for the same period. The stock gap is partly valuation-driven: Amazon’s P/E is around 21, near a decade low, versus Walmart at roughly 40 times earnings. The article ties Amazon’s recent rerating to a post–Q2 earnings jump after July 30—helped by net sales up 20%, operating income up 43%, and AWS rising 37%. Amazon also forecasts $200 billion in capex in 2026, supported by a $244 billion AWS backlog.