Amazon: Why I Am Not Worried About The Company

Summary:

  • Amazon’s 2Q24 results beat expectations, with retail coming in mixed while AWS exceeded expectations.
  • AWS saw acceleration for the third straight quarter, with management commentary skewing positive.
  • Cost optimizations are likely a thing of the past and customers are now looking to add new projects and spend more on cloud migration and AI.
  • Retail was mixed as Amazon continued to grow faster than the industry, but customers are reducing discretionary spend and trading down.
  • There were also some encouraging announcements for Project Kuiper.

Amazon rainforest and rivers on sunny days

Anderson Coelho

While Amazon.com, Inc. (NASDAQ:AMZN) has fallen almost 20% from the peak to the trough, I am not worried about the company.

In fact, I have a buy investment rating for Amazon and remain positive about the long-term opportunity for


Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN 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.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


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