Amazon Benefits From the Holiday Season and Becomes Significantly More Profitable! $100 Billion Planned for AI! Weak Forecast Weighs on the Stock!
Reading Time: 4 minutes
The e-commerce giant Amazon (AMZN) published its business figures for the fourth quarter of 2024 and the entire fiscal year 2024 on Thursday, February 6, after the market closed, and was able to exceed revenue and earnings estimates. Although revenues from its cloud division AWS were in line with expectations, a weak forecast for the first quarter of 2025 and the negative impact of a strengthening US dollar raised concerns among investors. The stock price fell by 4% in after-hours trading. Revenue increases by 10% and AWS grows by 19% The...
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