From Nasdaq: 2024-11-16 04:25:00

Amazon (NASDAQ: AMZN) reported strong third-quarter results, with revenue up 11% year over year to $158.9 billion. The company’s AI business is rapidly growing, with triple-digit year-over-year percentage increases. Amazon’s competitive advantages, including brand strength, switching costs, and network effects, give it a strong moat against competitors. The company’s future looks bright with multiple growth avenues and ample cash reserves.

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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Prosper Junior Bakiny holds positions in Amazon. The Motley Fool recommends and has positions in Amazon.



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