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Amazon Stock Pops as Earnings Top Estimates, Driven by AWS Growth

1. AMZN shares rose over 9% post Q3 earnings, setting a new all-time high. 2. Earnings per share of $1.95 exceeded analyst expectations significantly. 3. Revenue increased 13% to $180.2 billion, driven by AWS growth. 4. Fourth-quarter revenue forecast expects $206 billion to $213 billion, above estimates. 5. AMZN plans to lay off 14,000 employees, focusing on AI infrastructure.

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FAQ

Why Very Bullish?

AMZN's strong Q3 performance, substantial revenue growth, and impressive EPS likely indicate robust future growth. Historically, significant earnings beats have led to sustained stock price increases.

How important is it?

AMZN's strong earnings growth and AI investments directly relate to stock performance, while layoffs may indicate a strategy shift that could affect investor sentiment.

Why Short Term?

Immediate trading reactions to earnings reports suggest short-term price momentum may last. However, longer-term impacts depend on continued performance in AWS and AI sectors.

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