Amazon (AMZN) Earns ‘Perfect 10’ Score as AI Demand Fuels AWS Growth
Amazon secured a ‘Perfect 10’ Smart Score from TipRanks, signaling strong market outperformance potential. The rating reflects bullish analyst sentiment, hedge fund activity, and positive technical indicators.
Third-quarter earnings surpassed expectations with EPS of $1.95 against estimates of $1.57. Revenue climbed 13.4% YoY to $180.2 billion, driven by accelerating growth in Amazon Web Services. CEO Andy Jassy noted AWS expansion at rates unseen since 2022, powered by surging AI service adoption.
The cloud division’s resurgence underscores how artificial intelligence applications are becoming key growth drivers for tech giants. Amazon’s diversified business model continues demonstrating resilience across e-commerce and enterprise segments.