We're jacking up our price target on Amazon after its cloud unit shocks the haters
Update: 2025-10-31
Description
Amazon's Q3 earnings soar, driven by AWS cloud growth and AI investments. Despite missing operating income expectations, AWS revenue surged, outpacing analyst forecasts. Amazon plans to double cloud capacity by 2027, promising more investments in AI infrastructure. Other business areas also showed strong growth, with North American and international sales up double digits. Amazon expects another solid quarter, with sales forecast to climb between ten and thirteen percent for the holiday season.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
