Amazon's Cloud Growth and 13% Move

3 months ago

Critty Gupta

"Yeah, Amazon really moving the market in a very big way. I mean, there's beats and then there's beats like this. AMZN is your ticker for Amazon. It is your biggest volume trader uh trade, I should say, your stock mover to the upside. AMZN is your ticker. $251 a share, marking an almost 13% move. And usually when we see tech earnings like this, we'll say 6% move, 7% move, not really 13. So Amazon really blowing it out of the water uh when it comes to their cloud unit. They are posting the fastest growth since 2022."

The speaker highlights Amazon's strong performance, noting a 13% move on the back of impressive cloud unit growth despite concerns of a potential peak in cloud expansion. The commentary stresses that the magnitude of the move is atypical relative to usual earnings-driven shifts.

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