Amazon's AWS growth slowed due to AI investments, but long-term cloud computing outlook is positive.

Amazon's stock is predicted to remain stable near-term, with ASW performance and operating income dictating the next significant movement. AWS, the main profit driver, is set to experience slow growth due to AI investments, impacting short-term profitability. However, the long-term outlook for cloud computing is positive, with experts predicting 15-21% annual growth through 2028, potentially leading to new highs for Amazon stock.

August 11, 2024
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