Amazon Approaches New All-Time High: Trainium Becomes a Billion-Dollar Business – AWS Grows Over 20%, the Strongest Growth in Years
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The stock of Amazon (AMZN) consolidated over the summer, fluctuating around the 50-day moving average. Now, the attack on the all-time high should take place. Amazon combines online retail, cloud services, and digital advertising worldwide. The company generates revenue from three core business areas: Stores (Retail and Prime), AWS (Cloud & AI), Advertising (Digital Advertising). The company reported another strong quarter on Thursday (October 30) after the market closed. In its cloud business, several new features and products were launched,...
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