Amazon's shares dropped 2.47% ahead of the Q4 2024 earnings announcement but have surged 46.60% over the past six months. Estimated EPS is $1.49 with revenue at $187.30 billion. As the largest cloud provider, Amazon is investing heavily in AI infrastructure. Recent analyst upgrades have increased Amazon's price targets, showcasing investor confidence. Despite minor fluctuations, Amazon's stock has shown remarkable growth, indicating a solid future outlook considering market dynamics and company developments.
Shares of Amazon (NASDAQ: AMZN) slipped -2.47% ahead of its Q4 2024 earnings, although the stock is up significantly over the past year.
Amazon continues to invest heavily in its AI infrastructure, which will likely be a central theme in its upcoming earnings announcement.
Analysts have recently boosted Amazon's price targets, reflecting continued investor confidence amidst broader tech market struggles.
Amazon's stock performance signifies a robust momentum, highlighted by its 46.60% increase over the past six months, despite recent minor slips.
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