Amazon (NASDAQ: AMZN) has been a poor stock to own recently. While it rose following its Q2 earnings release, the stock has slowly sold off since then and is now up about 8% for the year, trailing the S&P 500 (SNPINDEX: ^GSPC). However, I think this could all turn around once again after Oct. 29, when Amazon reports Q3 earnings.
The reason is fairly clear, and investors have already seen it cause Amazon’s price tag to spike once already this year: cloud computing growth.
Missed AI’s “Act 1”? Act 2 Could Be 14x Bigger. Most investors think they missed the AI boat because they didn’t buy Nvidia in 2005. But according to our analysts, we’re only at the end of “Act 1″—the R&D phase. “Act 2” is the global rollout. Continue »
Amazon is the industry leader in cloud computing
Amazon may not be the first name you think of when discussing huge tech companies, but it should be high on the list. While…
