Amazon Soars as AWS Growth Accelerates. Is It Too Late to Buy the Stock?

Amazon (NASDAQ: AMZN) shares soared after its cloud computing business, Amazon Web Services (AWS), posted its strongest revenue growth since 2022. Despite the business gains, the stock is up less than 15% year to date.Let's take a closer look at the e-commerce behemoth's latest results and prospects to see if the stock's momentum can continue or if it's too late to buy the stock.While Amazon is best known for its e-commerce operations, AWS is the company's largest segment by profitability. It's also its fastest-growing segment, and in Q3, its revenue jumped by 20% year over year to $33 billion, while its operating income rose 10% to $11.4 billion. That was ahead of the $32.4 billion revenue consensus, as compiled by StreetAccount. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool