I’ve owned shares of Amazon (NASDAQ: AMZN) over the years and added to my position earlier this year after the valuation of the cloud computing and e-commerce leader plummeted.
It just seemed too good an opportunity to pass up, with its price-to-earnings ratio dropping into the mid-20s. On top of that, it seemed that its huge investments in AI, which scared some investors away, would pay off. The record $220 billion in capital expenditures was not made in anticipation of higher demand for AI cloud computing; it was required to meet the demand that was already there.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
That started to show in the second-quarter earnings report, as Amazon saw revenue…
https://finance.yahoo.com/markets/stocks/articles/prediction-amazon-could-turn-10k-100500554.html
