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Developing story · 2 episodes · 20 Oct to 2 Nov

Amazon AI Cloud Investment Earnings Tension

Morgan Stanley raised Amazon's price target based on a positive AI cloud outlook, but the narrative shifted when Amazon's Q3 earnings missed estimates despite strong AWS growth and massive capital expenditure. The saga currently stands with investors weighing the company's heavy AI investment costs against its short-term financial performance.

  1. Business & Fundingnew

    Amazon Q3 earnings miss estimates as AWS growth accelerates to 39% and capex hits $220B

    Amazon reported third-quarter earnings of $1.89 per share, missing the Zacks Consensus Estimate of $2.01. Revenue rose 12% year over year to $201.94 billion, just below the $202.11 billion expected.…

    1 source
  2. Business & Fundingnew

    Morgan Stanley raises Amazon price target to $350 on AI cloud outlook

    Morgan Stanley analysts have raised their price target for Amazon to $350 from $335, adding the stock to their top picks list. This move comes after Amazon shares dropped more than 7% from their…

    1 source
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