tl;dr
Amazon (NASDAQ:AMZN) CEO Andy Jassy noted that consumers are more cautious about their spending and are favoring lower priced items. While consumers are actively seeking deals, the everyday essential business experienced a 20% growth year-over-year in the fourth quarter of last year, indicating cont...
Amazon (NASDAQ:AMZN) CEO Andy Jassy noted that consumers are more cautious about their spending and are favoring lower priced items. While consumers are actively seeking deals, the everyday essential business experienced a 20% growth year-over-year in the fourth quarter of last year, indicating continued demand for essential products like detergent and shampoo. Jassy highlighted that inflation has impacted discretionary items such as TVs, computers, and electronics, resulting in slower market segment share growth compared to a healthy economy. On the enterprise side, companies have been focusing on cost savings, particularly visible in Amazon Web Services, but there has been a shift towards modernizing infrastructure and utilizing generative AI to transform business operations.
More about Amazon.com Inc
Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as one of the most influential economic and cultural forces in the world, as well as the world's most valuable brand.
Industry: TRADE & SERVICES
Sector: RETAIL-CATALOG & MAIL-ORDER HOUSES
Market Cap: 1.931536892 trillion
Price: $64.12
Dividend Yield: None
P/E Ratio: 2.9
EPS: $55.78
Beta: 0.0529
Shares Outstanding: 5.74784995 billion
50-Day Moving Average: $209.62
200-Day Moving Average: $50.69
RSI (14): 0.139
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