Amazon stock expected to rebound after October 29 driven by AWS growth
AMZN Amazon.com Inc
$248.00 -0.95%
View chart & analysis → - 1Amazon will announce its third-quarter results after October 29.
- 2AWS is driving the business, accounting for 60% of Amazon's second-quarter operating profit.
- 3Amazon's investment in infrastructure expansion and AWS growth this year is $220 billion.
So what's the key point?
Amazon will release its third-quarter results after October 29. Its cloud business, AWS, is driving growth and is responsible for 60% of its profit.
Source The Motley Fool +1 · View original ↗
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