Reported 2 months ago
Following Amazon's second-quarter earnings report, analysts have adjusted their stock price targets with mixed outcomes. While the company reported strong growth in its AI and cloud services, retail performance fell short of expectations, leading to a drop in share prices. CEO Andy Jassy emphasized significant investments in custom silicon for AI, projecting this sector as a crucial part of Amazon's future growth strategy. Despite retail challenges, the overall outlook for Amazon’s services remains optimistic among several financial institutions.
Source: YAHOO