Amazon: Be Greedy When Others Are Fearful

Amazon delivered strong earnings and double-digit revenue growth, but shares dipped after-hours due to cautious guidance and slower AWS growth. AWS remains a core strength, achieving 17% YoY growth and high margins, with massive capex planned to capture future AI demand. The ad business is rapidly expanding, up 23% YoY, leveraging Amazon's unique customer connection and becoming a significant profit driver.