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Amazon shares have gained 50% due to strength in cloud business and focus on costs. But disappointing results from Microsoft and Google suggest caution, and rising capital expenditures in AI could force Amazon to recalibrate profitability expectations. AWS results, due after market close, will be in focus, and analysts expect revenue growth of 19% this quarter. Despite rising capex, Wall Street remains bullish, with 94% of analysts recommending a buy.
Published on: February 06, 2025, 03:01 PM UTC