Amazon earnings were good, but were they good enough?
Amazon reported better than expected earnings and substantial revenue growth yesterday after close, but those good results were partially tempered by disappointing growth in Amazon's cloud computing business. While these results are overall a positive for the market, they may not be enough to reverse the recent selloff in stocks as earnings season has generally been just ok, while the market was largely positioned for excellence, largely driven by AI Mania.
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#AmazonEarnings #PCE #recession
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