CNBC's "Fast Money" Amazon’s Quarterly Revenue Beats Out Walmart… And Palantir’s Next Move 02/06/25
Feb 6, 2025
Tony Wong, a Portfolio Manager at T. Rowe Price specializing in science and tech investments, discusses Amazon's historic revenue growth surpassing Walmart, indicating a shift in e-commerce. He shares insights on Amazon's cloud performance and strategic positioning against competitors like Google and Microsoft. Wong also delves into Palantir's impressive stock surge, addressing market skepticism and potential overhype. The conversation encompasses the broader implications for the tech landscape and capital expenditures, particularly concerning AI advancements.
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Amazon's Mixed Earnings
- Amazon beat top and bottom line estimates, with cloud unit growth matching forecasts.
- However, a weak Q1 sales forecast affected after-hours share prices.
Amazon's Stock Reaction
- Underwhelming guidance and foreign exchange impact caused an initial 5% drop in after-hours shares.
- Amazon's cloud growth matched estimates, but actual revenue fell slightly short.
AWS Growth Concerns
- Amazon's retail performance was strong, with good North America margins.
- However, the focus remains on AWS, where in-line growth isn't sufficient.