Quick Read – Amazon (AMZN) delivered Q1 results with AWS growing 28% year over year (fastest in 15 quarters), a chips business at $20 billion annual run rate, and EPS of $2.78 beating estimates by 61%, yet shares remain at $264.14 despite fundamentals suggesting higher…
luations. – AWS AI revenue is running at over $15 billion with triple-digit growth and Anthropic committed over $100 billion in spending, positioning Amazon’s infrastructure business for sustained margin expansion as Trainium chips reduce data center costs. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Amazon wasn’t one of them. Get them here FREE
Amazon (NASDAQ:AMZN) just delivered a quarter that should make every bear reconsider. AWS grew 28% year over year, the fastest pace in 15 quarters, the chips business crossed a $20 billion annual run rate, and EPS came in at $2.78 versus a $1.73 estimate. Yet shares closed at $264.14 on May 15, well below where fundamentals suggest they should be.
Can Amazon reach $375 a share in 2026? Why Amazon Shares Are Stuck Despite Record AWS Growth Despite Q1 results that CFO Brian Olsavsky framed around a 13.1% operating margin, the highest ever, shares have given back recent gains. Momentum has cooled.