Amazon: AWS Cloud Remains A Silver Lining


  • AWS’s elongated sales cycle was not unique in the cloud provider market, since peers such as GOOG and MSFT reported a similar phenomenon.
  • Cloud margins were similarly impacted at a time of tightened corporate spending, implying discounted rates to retain consumers.
  • However, AWS continued to record market-leading cloud performance obligations of $110.4B, compared to GOOG at $64.3B and MSFT at $15.82B.
  • This suggested that AMZN might be able to weather the uncertainty exceptionally well over the next few quarters, particularly when considering the Fed’s dovish commentary.

Falling American Currency

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We previously covered Amazon (NASDAQ:AMZN) here in November 2022. At that time, we had encouraged investors to buy the stock at the $90s levels, due to the notable recessionary discount on its stock price. Despite the short-term profitability

Quarterly Performance Of Cloud Providers

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Disclosure: I/we have a beneficial long position in the shares of AMZN, AAPL, META, NFLX, MSFT, GOOG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: The analysis is provided exclusively for informational purposes and should not be considered professional investment advice. Before investing, please conduct personal in-depth research and utmost due diligence, as there are many risks associated with the trade, including capital loss.

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