Amazon investors had been worried about spending optimizations in the cloud, but CEO Andy Jassy says those are ‘attenuating’
Amazon.com Inc. investors wanted to hear talk of a “reacceleration” in the company’s cloud-computing business. Instead they learned a new word.
“Management did not provide a guide for Q4 which indicates positively for stabilization & eventual re-acceleration,” he wrote. Erickson noted that Amazon is seeing an “attenuating” pace of optimizations and a pickup in deal activity over the past few months, two things he deemed encouraging.Opinion: Amazon’s AI talk is making Wall Street drool, but there seems to be a catch“We learned two things from Amazon’s earnings.
That talk probably wasn’t enough for tactical investors, who may continue to feel reliant on third-party data about AWS trends, according to Morton, who has a buy rating and $213 target on Amazon shares.While “attenuate” was the talked-about word coming out of Amazon’s earnings call, the big number was perhaps $11.2 billion. That was Amazon’s operating income for the quarter, up from $2.5 billion a year before.
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