champpixs/iStock via Getty Images
- Amazon’s Q1 was a glimpse of what to expect in 2024.
- The resurgence in AWS was just one of the encouraging signs.
- Here is why Amazon is a terrific long-term buy.
Amazon’s (NASDAQ:AMZN) (NEOE:AMZN:CA) Q1 earnings were a breath of fresh air for several reasons. I was relieved to see AWS growth move to 17% year-over-year compared to 12% in Q4, especially after advising for months that Q1 would spark a reacceleration on increased data budgets in 2024. Free cash flow and advertising were bright spots, and there was even a surprise operating profit internationally. Let’s take a look at what this means for 2024.
READ FULL ARTICLE HERE!
