Reported 2 days ago
Analyst Mark Mahaney emphasizes that Amazon.com Inc. (AMZN) must accelerate growth in its AWS cloud business for stock outperformance, despite strong performance in its retail and advertising sectors. He notes that AWS revenue grew 16.9% year-over-year, indicating it plays a crucial role in the company's long-term success. Mahaney insists that while retail margins must also improve, focusing on AWS growth is essential for future stock gains.
Source: YAHOO