Amazon s stock has been bleeding during the 2022 selloff, but bullish investors have not thrown in the towel yet. The reason is a three-letter acronym: AWS.
The investment firm has stated that AMZN remains their top internet pick. JPM analysts believe the e-commerce titan is poised to overcome macroeconomic headwinds by 2023.
Amazon shares enjoyed a brief rally after the company released its Q2 2022 financials. However, the stock price has since dropped back to mid-July levels. Is this an opportunity to buy?
Amazon’s business model has been divided into multiple ventures, which has helped the company foster a “service offering ecosystem.” Here are some possible next moves to look out for from the Seattle-based behemoth.