Amazon reported strong third-quarter results, with AWS leading the way in revenue growth. E-commerce operations also saw strong operating leverage. Stock looks reasonably valued with growth expected to increase. AWS revenue jumped 20% to $33 billion, with operating income rising 10% to $11.4 billion. Custom Trainium 2 AI chips revenue grew 150% sequentially. North America sales increased by 11% to $106.3 billion. Q3 revenue rose 13% to $180.2 billion, with earnings per share up 36% to $1.95. Amazon forecasts Q4 revenue of $206-213 billion. Stock still has solid upside potential.

Read more at Nasdaq: Amazon Soars as AWS Growth Accelerates. Is It Too Late to Buy the Stock?