Will Amazon fly this week?-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Will Amazon fly this week?

pekss
04-21

eCommerce giant $Amazon.com(AMZN)$ will be releasing its first quarter 2024 earnings results on 25 April. Its stock Amazon has climbed over 16% year to date, buoyant by the improving business outlook of its cloud and eCommerce businesses. The company is also reaping the benefits from improving cost structure from a successful restructuring that I embarked from late last year to early this year.

Amazon has also been a forerunner in incorporating artificial intelligence into its cloud service offerings to take advantage of prevailing growing AI demands. To contain the huge costs on AI chips and avoid over-reliance on supply from Nvidia, Amazon has also been proactive in developing and customising its own AI chips.

Despite a sticky inflation typing the hands of the Fed in reducing interest rates right away, Amazon has a robust balance sheet and strong cash flows that will help the company weather higher for longer interest rates. I would take advantage of current correction in the tech stock to add to my holding, as I believe in the mid to long term prospects of Amazon.

@MillionaireTiger @VideoLounge @CaptainTiger @TigerStars @TigerWire @TigerEvents

# 💰 Stocks to watch today?(30 Apr)

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AuntieAaA
·04-22
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I would take advantage of current correction in the tech stock to add to my holding, as I believe in the mid to long term prospects of Amazon.</p>\n<p><a href=\"https://ttm.financial/U/3527667618821228\">@MillionaireTiger</a> <a href=\"https://ttm.financial/U/3527667631258507\">@VideoLounge</a> <a href=\"https://ttm.financial/U/3527667618000160\">@CaptainTiger</a> <a href=\"https://ttm.financial/U/9000000000000149\">@TigerStars</a> <a href=\"https://ttm.financial/U/3527667670347831\">@TigerWire</a> <a href=\"https://ttm.financial/U/3527667667103859\">@TigerEvents</a>&nbsp;</p></body></html>","text":"eCommerce giant $Amazon.com(AMZN)$ will be releasing its first quarter 2024 earnings results on 25 April. Its stock Amazon has climbed over 16% year to date, buoyant by the improving business outlook of its cloud and eCommerce businesses. 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