Amazon (AMZN)
Source: Tada Images / Shutterstock.com
One of the stocks to gain momentum from leadership changes is Amazon (NASDAQ:AMZN), where CEO Jassy has done a good job cutting costs. Better, it now it appears that a number of his other initiatives are starting to bear fruit. Providing evidence for that assertion, the firm’s operating margin is expected to jump to 3.9% this year from 2.4% in 2022, and the revenue of its cloud unit is expected to accelerate “in the fourth quarter,” according to Jefferies, an investment bank. Moreover, the bank expects Amazon’s AI initiatives to boost its cloud business over the longer term.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
Page 2 of 2