markets · · seekingalpha.com
Amazon: Q3 Could Deliver The AI Beat Nobody's Pricing In
Amazon is rated 'Strong Buy' due to underestimated AWS growth and margin expansion potential. AMZN's chip business and AWS backlog ($496B) position it for outsized revenue and operating income beats in Q3. Guidance for Q3 appears conservative; I expect revenue of ~$205B and AWS revenue of $45–46B, with operating income topping consensus.
Amazon is rated 'Strong Buy' due to underestimated AWS growth and margin expansion potential. AMZN's chip business and AWS backlog ($496B) position it for outsized revenue and operating income beats in Q3. Guidance for Q3 appears conservative; I expect revenue of ~$205B and AWS revenue of $45–46B, with operating income topping consensus.
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