Is Amazon a Buy After Its Latest Earnings Report?

Amazon (NASDAQ:AMZN) stock jumped 8% in after-hours trading Thursday after the company reported second-quarter earnings that reflected strong growth in Amazon Web Services and its fast-growing AI and chips businesses.The company also reported a huge $53.4 billion gain in net income, which it largely attributed to its investment in Anthropic, the start-up AI company that is considering an IPO at a valuation of nearly $1 trillion.CEO Andy Jassy noted that AWS had its fastest quarterly growth in more than four years, with revenue increasing 36.7% from a year ago. “There’s a lot to be excited about, and we have much more coming for customers in the second half of the year and beyond,” he said in a statement.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool