Buy Amazon on Strong Cloud Growth and AI Catalyst

3 months ago

"I want to start with Amazon ticker. AMC and their shares have been up as much as 13%. I mean, this is an Amazon Web services story. The cloud unit posted the strongest growth rate in almost three years. Third quarter revenue, $33 billion. Really ease investors fears because they were worried that it was losing ground to competitors, people like Microsoft's Azure Cloud business, Alphabet's Google Cloud. When the stock opens up 13%, that'll be $300 billion of new equity value created for the shareholders. I'll be looking at it just to get it."

The speaker highlights Amazon's robust AWS performance, record Q3 revenue of $33B, and a potential 13% stock jump that could create $300B in shareholder value, prompting a buy call.

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