Amazon’s inventory soars towards its finest day since 2022: ‘The AI narrative has flipped positive’
Published:
UBS analyst Stephen Ju
likened Amazon’s stock to a “coiled spring” ahead of earnings. Now investors are quickly seeing its powerful release.
Amazon’s stock AMZN has been bottled up this year, held back by ho-hum cloud growth that raised investor concerns about the competitiveness of AWS, the company’s profit engine. But AWS reignited in the latest quarter, and with more capacity coming online, Wall Street is upbeat about what’s to come.