From Nasdaq: 2024-05-01 16:28:45

Amazon (NASDAQ: AMZN) stock rose after beating first-quarter earnings expectations. Margin expansion and cost cuts led to strong performance, with AWS reporting a 17% growth rate and significant operating income increase. Revenue grew in all segments, making Amazon look like a solid buy with continued growth potential in various sectors like AI and advertising.

Investors should not overlook Amazon’s recent strong earnings report and overall performance. With double-digit revenue growth and expanded margins, Amazon remains a top stock pick. The company achieved a $903 million operating profit in its international segment and shows promising growth prospects in AI, grocery, and advertising. Amazon’s valuation is attractive, making it a strong buy.

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Disclaimer: The author’s opinions are independent and may not align with Nasdaq’s views. John Mackey, former Whole Foods CEO and Amazon board member, may have positions. The Motley Fool recommends and holds positions in Amazon. Check out their disclosure policy for more information.



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