Investor Gene Munster expects investors to likely discount favorable Sept. quarter results and an in-line December outlook for Amazon.
- Gene Munster emphasized on social media platform X risk that personalized bots pose to Amazon’s business is increasingly real.
- Analysts expect AWS sales to grow 38% in the quarter ending September, its fifth straight quarter of gains.
- Google parent Alphabet missed third quarter revenue expectations.
Amazon Inc. (AMZN) share price dropped about 4% on Thursday ahead of the release of its quarterly results scheduled after-hours as investors fret over soaring capital expenditures eating into hyperscalers’ cash flows, while investor Gene Munster flagged weak Google results as a warnings sign to Amazon investors.
“Google results were a warning sign to Amazon investors,” Gene Munster, managing partner at Deepwater Asset Management, wrote in a post on X.
“Tonight the Street will likely discount favorable Sep results and an inline Dec…
