Is Amazon Stock A Buy After Joining $2 Trillion Club?

Autor:	DEFFENBAUGH, RYAN (AUTHOR)
Předmět:	AMAZON.COM Inc., STOCKS (Finance), GENERATIVE artificial intelligence, QUARTERLY reports, STOCK ownership, CONSUMPTION (Economics), INVESTORS, MONETIZATION
Zdroj:	Investors Business Daily. 6/27/2024, pN.PAG-N.PAG. 1p.
Abstrakt:	Amazon.com (AMZN) has had a successful start to 2024, with its stock value reaching record levels. Analysts are optimistic about Amazon's profitability and its ability to compete in the cloud-computing market. The company faces competition from traditional retailers and emerging companies, as well as a battle with Microsoft in the cloud-platform market. Amazon is also dealing with a major antitrust lawsuit. Despite these challenges, Amazon's stock has gained momentum, and its annual Prime Day sales event is expected to boost its retail business. The company's AI capabilities and efficient product delivery have contributed to its success. Wall Street analysts are positive about Amazon's stock and expect further earnings growth in 2024. However, the company is facing regulatory challenges, and its technical ratings indicate slightly more buying than selling by institutions. [Extracted from the article]
Databáze:	Regional Business News
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