2 Ways the Market's Underestimating Amazon in 2023

2 Ways the Market's Underestimating Amazon in 2023

Last quarter certainly wasn't the one Amazon (NASDAQ: AMZN) shareholders were hoping for. Cloud computing revenue growth is slowing as well, and this segment's profit margin is starting to shrink. Despite beating analysts' revenue estimates, companywide earnings fell short of expectations, as did Amazon's guidance for the quarter now underway.