Amazon's AWS Surge Creating Massive Equity Value

3 months ago

Lisa Mate

"All right. I want to start with Amazon ticker AMZ and um 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 uh Microsoft's Azure cloud business, Alphabet's Google Cloud. Um their total sales rose about 13% but a lot of it was around AI news. Um, they said it's shopping chatbot uh chatbot Roffus is going to help deliver an additional 10 billion in annual sales. I haven't seen Roffus. I've been doing this Wall Street stuff for 40 years. The numbers blow me away just today when the stock opens up 13%. That'll be $300 billion of new equity value created for the shareholders in just the flick of switch."

The speaker highlights Amazon's impressive AWS performance and strong cloud revenue figures, noting a 13% jump in share price which translates into a significant equity value creation. Emphasis is placed on robust third-quarter sales and AI-related catalysts.

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