Amazon's AWS Growth Reaccelerates, Boosting Profit Outlook

seekingalpha.com —

Amazon reported strong earnings driven by re-accelerating growth in its AWS cloud division and surging profits, leading the analyst to reiterate a Buy rating on the stock. The analyst upgraded Amazon to Buy in late August, citing strengthening momentum in AWS, including adoption of its Trainium chips, which has now been validated by the latest quarterly results. The analysis notes Amazon appears undervalued relative to its growth prospects, with the author holding no direct stock position but a family member having a long position in a separate company.


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