Amazon’s Prime Entry Points Ahead

Summary:

  • Technically, Amazon shows potential upside with support at $175 and a bullish Volume Price Trend, indicating growing buying interest.
  • AWS holds 32% of the global cloud market, driving Amazon’s growth with an 18.8% revenue increase in Q2 2024.
  • A $6.2 billion investment in Malaysia expands AWS’s infrastructure, boosting its presence in the APAC region.
  • AWS’s AI tools, like SageMaker and custom chips, enhance performance, fueling demand for AI-driven applications.
  • AWS’s low-latency infrastructure supports key industries, providing Amazon with a competitive edge in cloud solutions.

Amazon Germany Services GmbH

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Investment Thesis

Amazon (NASDAQ:AMZN) presents a balanced opportunity for growth driven by its robust fundamentals and technical indicators. AMZN’s diversified revenue streams, mainly through AWS and its growing advertising business, underpin its long-term growth prospects.

Technically, a neutral Relative


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

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