E-commerce and cloud giant Amazon (NASDAQ:AMZN) is poised for the next decade of growth after delivering a return of around 1,000% over the last decade. Thanks to its recent earnings beat, the stock price recently hit a new all-time high. Despite these gains, Amazon’s reaccelerated AWS growth, bolstered by AI, strong retail momentum, and margin and cash-flow expansion from optimization initiatives, make me bullish on the stock. Thus, I’ll buy the stock at current levels.
Amazon Posts Yet Another Quarterly Beat Driven by AWS
On April 30, Amazon reported impressive Q1 results for the fifth consecutive quarter, driven by upbeat performance across all segments, including cloud, advertising, and e-commerce. Adjusted earnings of $0.98 per share handily beat analysts’ estimates of $0.84 per share. Also, earnings more than trebled (+216%) year-over-year compared to earnings of $0.31 per share in the prior-year period.
Further, net…
