What's Going On With Amazon Stock Monday?
Portfolio Pulse from Anusuya Lahiri
Amazon's stock is trading higher as investors anticipate updates on the company's cloud business and ad revenue growth ahead of its Q2 earnings release. Investors are comparing Amazon Web Services (AWS) with Microsoft and Google's cloud businesses, which recently reported slowed growth. Amazon's ad business is also in focus, with expectations of an increase to $10.3 billion in Q2. The company also plans to double its U.S. same-day delivery facilities in the coming years.
July 31, 2023 | 2:02 pm
News sentiment analysis
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NEGATIVE IMPACT
Investors are comparing Amazon Web Services with Google's cloud business, which recently reported slowed growth.
The comparison of Amazon's AWS with Google's cloud business, which recently reported slowed growth, could potentially impact Google's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Investors are comparing Amazon Web Services with Alphabet's cloud business, which recently reported slowed growth.
The comparison of Amazon's AWS with Alphabet's cloud business, which recently reported slowed growth, could potentially impact Alphabet's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Investors are comparing Amazon Web Services with Microsoft's cloud business, which recently reported slowed growth.
The comparison of Amazon's AWS with Microsoft's cloud business, which recently reported slowed growth, could potentially impact Microsoft's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Amazon's stock is trading higher as investors anticipate updates on the company's cloud business and ad revenue growth. The company also plans to double its U.S. same-day delivery facilities.
The anticipation of updates on Amazon's cloud business and ad revenue growth, as well as the company's plans to expand its same-day delivery facilities, are likely driving the stock higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100