2023: AWS growth rebound, budget constraints ease, AI demand, Amazon cash flow improvement.
AWS growth is projected to rebound in 2023 due to easing budget constraints and generative AI software demand. Amazon's free cash flow improves in 2023 after facing challenges in 2022. Online advertising revenues surpassed Prime subscriptions for the first time, with further growth expected in 2024. Positive consumer sentiment and a favorable economic outlook make Amazon an attractive long-term investment opportunity.
March 16, 2024
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