Amazon - eCommerce giant benefits from online boom and dynamic growth in cloud division AWS!
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Business Driver: Amazon (AMZN ) has established itself as one of the leading players in online retail thanks to its well-developed online marketplace offerings. The actual growth driver for Amazon remains the cloud division AWS. As it continues to accelerate the rollout of new AI solutions and invests heavily in expanding its cloud infrastructure, Amazon is set to compete at the forefront of the mega-market for AI applications alongside Alphabet and Microsoft. On October 30, Amazon surprised with very strong Q3 results. With an adjusted EPS of...
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