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Amazon’s AI Headwinds Spark Market Concerns, But Opportunity May Lurk
Amazon’s AI Headwinds Spark Market Concerns, But Opportunity May Lurk
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Amazon's stock tumbled 8% following its Q2 earnings report, as investors balked at weaker-than-expected AI performance. While revenue of $167.7 billion and EPS of $1.68 beat estimates, guidance suggesting AI struggles rattled the market.
The cloud division AWS grew 17% to $60.1 billion, but lagged behind Microsoft's 26% and Google's 32% growth in the same sector. This comparative slowdown in Amazon's AI-driven cloud business triggered the selloff.
Contrary to market reaction, some analysts view this as a buying opportunity. The Core business remains robust, with AWS still generating $21.7 billion in operating income. The AI narrative may be oversold, creating potential value for long-term investors.
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