Amazon stock has been through an eventful period, with the company bouncing back from an earlier earnings slide. AI focused investor, Cathie Wood singles out Amazon (NASDAQ:AMZN) as a favourite AI stock. Investors are displaying increased confidence in Amazon's growth potential, despite missed Q2 estimates followed by a stock selloff. Institutional investors, who control 63% of Amazon.com, Inc., were rewarded last week after the stock increased 7.1%. Analysts anticipate record spending for Prime Day. Recent earnings have added momentum to the stock's value, with long-term investors showing bullish sentiment. However, there remain speculative bear points, such as when the stock price will hit $201 again. Amazon, having experienced 'record-breaking' sales during Prime Day, seems to be a promising choice for long-term growth. The entry of Amazon into the $2 trillion company club further underlines its meteoric rise. Despite this, there have been suggestions that increased reliance on retail and cloud markets might pose risks.
Amazon Stocks AMZN News Analytics from Fri, 02 Feb 2024 08:00:00 GMT to Sun, 18 Aug 2024 09:02:26 GMT -
Rating 7
- Innovation -2
- Information 5
- Rumor -3
