Amazon's Prime Day Moves to June, Expands to Four Days
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: NASDAQ.COM
- Promotion Date Shift: Amazon has moved Prime Day to June 23-26, earlier than the usual July slot, and expanded it to four days, providing consumers with more shopping opportunities that could enhance sales and strengthen market competitiveness.
- Inflation Impact: Despite inflation rising to 4%, which compresses consumer budgets, Amazon's retail business continues to attract significant attention, demonstrating its resilience and adaptability in a fluctuating economy.
- Cloud Business Growth: Amazon Web Services (AWS) reported a 28% revenue increase to $37.6 billion last quarter, and although free cash flow fell to $1.2 billion, the robust performance of cloud computing remains the primary source of the company's profits, indicating long-term growth potential.
- Capital Expenditure Plans: Amazon plans to invest approximately $200 billion in capital expenditures in 2026, primarily for data centers and chips to meet AI demand, a strategic investment that will have profound implications for future revenue growth.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise
44 Analyst Rating
41 Buy
3 Hold
0 Sell
Strong Buy
Current: 246.030
Low
175.00
Averages
280.01
High
325.00
Current: 246.030
Low
175.00
Averages
280.01
High
325.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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