Reported 15 days ago
In a recent analysis, Evercore ISI's Mark Mahaney discussed how the Federal Reserve's rate cuts create a favorable environment for tech stocks, particularly Amazon. He emphasized Amazon's significant advertising revenue, which stands at around $50 billion annually, making it the third-largest ad platform globally. Mahaney pointed out that although Amazon might not achieve dramatic growth, opportunities in Amazon Prime Video and live sports content could enhance ad revenue growth and margins, positioning the company for steady performance.
Source: YAHOO