What happened Shares of Amazon (NASDAQ: AMZN) climbed on Wednesday, as U.S. election results reduced investors' fears of burdensome regulation on the tech sector. So what Amazon has long been the target of antitrust regulators, who have grown weary of the e-commerce and cloud computing titan's ever-expanding size and scope. Yet with the Republicans likely to maintain control of the Senate, even if Joe Biden wins the presidential election, the Democrats may find it challenging to pass legislation geared toward limiting the power of the largest technology companies. Amazon's stock popped following the U.S. elections. Image source: Getty Images. If regulators leave Amazon to its own devices, the online retail giant will likely continue to grow at an impressive clip. Amazon's sales soared 37% to $96.1 billion in the third quarter, as e-commerce sales boomed during the coronavirus pandemic. Now what With the risk of a potential breakup of Amazon's business now lessened, investors are viewing its stock as less risky. In turn, they're now willing to pay a higher price for Amazon's shares. And if Amazon's remarkable growth is able to continue unabated, Wednesday's gains could be just the beginning of a far larger upward move in its share price in the months and years ahead. Find out why Amazon is one of the 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* Tom and David just revealed their ten top stock picks for investors to buy right now. Amazon is on the list -- but there are nine others you may be overlooking. Click here to get access to the full list! *Stock Advisor returns as of October 20, 2020 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon and recommends the following options: short January 2022 $1940 calls on Amazon and long January 2022 $1920 calls on Amazon. The Motley Fool has a disclosure policy.Source