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Under the pressure of AI investment, cloud demand is showing a red light, and Amazon's guidance for the third quarter is inferior.
In the second quarter, Amazon's revenue and operating profit growth slowed to 10% and 91%, respectively, still exceeding expectations, and AWS cloud business revenues grew nearly 19% higher than expected. In the third quarter, revenue guidance is set to increase by a minimum of 8%, marking the slowest growth rate in over a year and a half, and operating profit guidance is greatly slowed and is expected to increase by less than 3%, reflecting the unexpected scale of investment in AI services.
JensenBaby : nah red again
10baggerbamm OP JensenBaby : oh ye of little faith
10baggerbamm OP JensenBaby : green day
MomentumPython1337 : holding this to 300 probably will take a year to 2 years minimum given how this stock tends to get stuck at ruts before breaking through. recent dip was opportunity to add more shares.
once massive seller aka jeff baldy bezos finishes selling it should see 220 soon