After the plunge of the US stock market, are there still bubbles in the seven giants of the US stock market?
United Kingdom's Man Group explained that after the sale of last week, the valuation of the US seven technological giants has returned to a level that could prove its valuation reasonable.
YieldMax AMZN Option Income Strategy ETF Declares $0.4736 Dividend
Shares of Companies in the Broader Software Sector Are Trading Lower Amid an Overall Market Selloff Following Weak US Jobs Data. Weakness in Amazon and Intel Has Also Weighed on the Tech Sector.
Firmly burning money for AI raises concerns! Amazon's stock price fell sharply after its performance. Should we take the opportunity to short or buy on dips?
Analysts say that the good news is that most of the funds have flowed into Amazon Web Services Cloud Department (AWS). And the department's sales growth in the second quarter exceeded analysts' expectations.
Under the pressure of AI investment, cloud demand is showing a red light, and Amazon's guidance for the third quarter is inferior.
In the second quarter, Amazon's revenue and operating profit growth slowed to 10% and 91%, respectively, still exceeding expectations, and AWS cloud business revenues grew nearly 19% higher than expected. In the third quarter, revenue guidance is set to increase by a minimum of 8%, marking the slowest growth rate in over a year and a half, and operating profit guidance is greatly slowed and is expected to increase by less than 3%, reflecting the unexpected scale of investment in AI services.
One-picture preview | Amazon's performance is coming! AWS business focuses on growth rate, Prime Day may bring new impetus to retail business
Amazon will announce the results of US stocks after the market on Thursday, August 1, EST. Agencies generally expect Amazon to achieve revenue of 148.595 billion US dollars in Q2, up 10.58% year on year; earnings per share of 1.02 US dollars, up 57.63% year on year.