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I remain bullish on Amazon (i) and continue to be a shareholder. Goldman Sachs reinforces its positive outlook (Conviction List with a target of 375 USD), echoing a narrative I have been promoting for some time: AWS is growing strongly, and simultaneously, more robotics should make the margin-weaker retail business more efficient. Together, these factors have significant leverage on the company’s margin. AWS recently achieved an annualized revenue run rate of 169 billion USD and grew by 37% in the second quarter. The operating margin increased...
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