Bullish Commentary on Amazon's Earnings Driven by AWS Growth

3 months ago

Joseph Carlson

"Now, to start things off, we can just take a look at what's going on with Amazon because this one literally just reported a couple minutes ago. If we look at how the stock is doing, we can bring it up here. Amazon stock. We'll zoom into it and it's up around 9% as of now. Very good start. Obviously, something went way above expectations. My guess instantly would be AWS because it's all eyes on AWS. There was a lot of chatter that AWS would come in very low, that it would come in far below, you know, just dragging behind Google Cloud and Azure. The reason that Amazon is up 9% as of right now is because if we look at their earnings report, AWS segment sales increased 20% year-over-year to 33 billion."

The speaker highlights Amazon's unexpectedly strong earnings, emphasizing a robust 9% surge in stock price driven mainly by AWS, which beat expectations with 20% year-over-year growth, reinforcing his bullish outlook on Amazon.

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