AWS Just Lost $100B in Value - Here's Why Smart Money is Buying Qualcomm Instead
Key Points
- AWS's 17.5% growth disappoints investors, causing a 6.63% dr...
When Amazon's cloud division grows 17.5% and investors panic like it's the end of the world, you know we're living in interesting times. AWS fell short of the magical 20% growth analysts expected, and suddenly AMZN shares dropped 6.63% in after-hours trading. Meanwhile, Qualcomm quietly posted $10.4 billion in revenue and watched everyone else fight over cloud scraps.
The Great Cloud Expectations Game
Here's what happened: AWS managed to grow 17.5% year-over-year, which sounds pretty decent until you realize Wall Street was expecting 20%. In the stock market, missing expectations by 2.5 ...
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