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AMZN · Amazon
AWS is the primary profit engine, retail margins are structurally improving, and advertising is emerging as a third growth curve — three businesses compounding in unison.
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AWS is the primary profit engine, retail margins are structurally improving, and advertising is emerging as a third growth curve — three businesses compounding in unison.
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Search is holding its ground against AI disruption. Gemini is closing the gap on OpenAI, while TPU infrastructure, GCP, and YouTube form three distinct growth engines.
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Azure's OpenAI alliance locks in the highest-demand AI compute use cases. Copilot is penetrating enterprise SaaS, backed by the most resilient three-engine cash flow structure in the sector.