Amazon Q2 Earnings Preview: Gains From eCommerce and Cloud Business, Operating Margin Upside On Analysts Radar
Portfolio Pulse from Anusuya Lahiri
Goldman Sachs and RBC Capital analysts have reiterated their positive ratings on Amazon (AMZN) ahead of its Q2 earnings, citing strong eCommerce and cloud business performance, potential margin upside, and AI-driven growth. Amazon's GPU activity with Nvidia (NVDA) is also noted.
July 30, 2024 | 7:11 pm
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NEUTRAL IMPACT
RBC Capital analyst noted Amazon's GPU activity with Nvidia, which could be delayed but is expected to contribute to AI-driven growth.
RBC Capital analyst mentioned Amazon's GPU activity with Nvidia, which could be delayed but is expected to contribute to AI-driven growth. This has a neutral short-term impact on Nvidia's stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Goldman Sachs and RBC Capital analysts reiterated their positive ratings on Amazon, highlighting strong eCommerce and cloud business performance, potential margin upside, and AI-driven growth.
Analysts from Goldman Sachs and RBC Capital have reiterated their positive ratings on Amazon, citing strong performance in eCommerce and cloud businesses, potential margin upside, and AI-driven growth. This is likely to positively impact Amazon's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100