Amazon expected to rebound on AI growth opportunities and low valuation
AMZN Amazon.com Inc
$251.40 -0.05%
View chart & analysis → - 1Amazon recorded 20% revenue growth in the June quarter.
- 2Amazon's chip business and AWS's AI business have annual revenue run rates exceeding $25 billion.
- 3Amazon's stock price has traded at over 50 times its earnings for much of the past decade.
So what's the key point?
Amazon increased its revenue by 20% through its AI business. While the stock price was expensive relative to earnings, there is potential for it to rise again.
Source The Motley Fool +1 · View original ↗
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