From Nasdaq: 2024-04-04 09:45:00

Amazon’s stock is on the rise, up almost 20% year to date. The key to predicting its stock price lies in its operating income, which correlates strongly with its stock price. Amazon’s cloud computing platform, AWS, is the primary driver of its operating income and stock returns, pointing to a strong year ahead.

Amazon expects to earn between $8 billion and $12 billion in operating income for the first quarter of 2024. AWS’s backlog indicates continued growth, promising higher overall operating income. While stock prices are unpredictable, Amazon’s profit driver suggests a positive outlook for shareholders. The Motley Fool suggests other stocks for investors to consider for potentially higher returns.



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