Amazon stocks
(AMZN) continue to be favored by investors and analysts given the performance and projections. The company recently reported robust Q1 results, supported by the impressive growth in
AWS (Amazon Web Services). This success results in the giant's shares reaching an all-time high due to its earnings momentum. With the AI-driven boom in their AWS division, many say it's undervalued and a 'screaming buy'. Notably, AWS has an incoming CEO, furthering the emphasis on AI. Comparisons with other e-commerce businesses like BABA suggest AMZN to still be a better buy. Selling of Amazon's stocks by Shelley Reynolds and other firms are noted, but online speculation deems Amazon a long-term top momentum stock. New growth measures, such as an AI upgrade for Alexa are on the horizon, and despite some shares being sold, there is a continuous buying from investment firms. Google's
ChatGPT-4o predicts a favorable price for Amazon's shares by the end of 2024. The latest development of halting Nvidia Superchip orders adds another interesting nuance. The overall sentiment is consistently bullish, expecting continuous outperformance, growth, and attraction for investors over the long term.
Amazon Stocks AMZN News Analytics from Tue, 30 Jan 2024 08:00:00 GMT to Fri, 24 May 2024 03:11:07 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor -2
