$Amazon (AMZN.US)$ as long as Rivian keeps dropping. Amazon ...
$Amazon(AMZN.US$ as long as Rivian keeps dropping. Amazon earning will be affected.
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dwarriorOP : 160 million ($70.62) = 11.3 billion
160 million ($47.55) = 7.6 billion (32% drop).
TotheMoonBaby : why so?
dwarriorOP : AMZN earning last quarter account for unrealised profit from Rivian investment. So for the next quarter it will be reflect with less earning due to the drop of Rivian stock price
dwarriorOP : EV stock is under pressure of raising cost of raw materials and lack of chip. It will continue as long as Russian suction still in place. DYODD