Amazon and Alphabet seen as attractive investment opportunities amid cloud growth
GOOGL Alphabet Inc
$350.50 +0.81%
View chart & analysis → - 1Amazon shares have fallen more than 10% from their all-time highs recorded this summer.
- 2Alphabet's second-quarter cloud computing revenue rose 82%.
- 3Amazon and Alphabet are maintaining operating margins of 35% or higher in their respective segments.
So what's the key point?
Amazon's stock price has dropped more than 10% from its peak, and Alphabet's cloud revenue has increased by 82%. This suggests it is a good time to invest in both companies as their cloud businesses are performing well.
Source The Motley Fool +1 · View original ↗
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