Amazon stock (NASDAQ: AMZN) has performed strongly, rising 27% over the last six months. This impressive rally can be attributed to several factors: stronger-than-expected Q2 earnings, the accelerating growth of its AWS cloud business despite increased competition, expansion in its high-margin advertising segment, and growing confidence from financial analysts.
Reddit, Roblox and Ring are just a tiny fraction of the hundreds of sites and services that were affected when AWS went down, causing a major internet blackout.
Services disrupted included major retailers, airlines, social-media apps, financial-services companies and more. Amazon said its systems were recovering.
Global internet traffic showed signs of recovery on Monday after a widespread outage linked to Amazon Web Services (AWS) disrupted dozens of major websites and apps. Amazon said it had resolved the issue by late morning, following technical problems in its US-East-1 region, a key data hub in Virginia.
A major Amazon Web Services outage disrupted much of the internet early Monday, including apps such as Snap, Coinbase, Roblox and McDonald's.
Airline websites including Delta Air Lines and United Airlines weren't working fully in Monday's disruption of Amazon Web Services, a backbone of many sites.
Social media users cited disruption across cloud-based games including Roblox and Fornite. In this article AMZN
Companies in the Pacific Northwest are just made different. There's a mix of tech ambition and frontier resilience that persists even when clouds and rain settle in for a long stretch.
Big bank earnings impressed, with WFC, MS, C, and BAC posting strong results, while regional banks like ZION and WAL faced notable setbacks. AI enthusiasm is spreading beyond core tech, boosting stocks like WMT and CAT, but valuation concerns and bubble fears persist.
Amazon (AMZN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Amazon remains a Hold due to a lack of near-term catalysts and continued trading range between $200-250. AWS growth is steady but below expectations, while advertising momentum is a positive but not thesis-altering for AMZN. A wheel-like options strategy, selling puts at $200, offers attractive income (5-30% annualized) and a discounted entry for long-term investors; Or AMZY.
Amazon.com Inc. NASDAQ: AMZN is entering one of its most critical weeks of the year. With earnings due next Thursday, the stock is coiled just below its long-standing $240 ceiling—a level that has beaten every attempt by the bulls to break it since February.