Squawk on the Street SOTS 2nd Hour: Amazon’s Weak Forecast, Betting on the Big Game, Live: Pinterest CEO 2/7/25
Feb 7, 2025
The discussion opens with Amazon's disappointing revenue forecast, marking a record low in growth, which sends its stock tumbling. Attention then shifts to the Super Bowl, where over $1 billion is anticipated in bets, highlighting industry insights from DraftKings' CEO. Later, Pinterest’s CEO shares promising Q4 results, showcasing how AI is playing a pivotal role in their growth strategy. The conversation also dives into the broader market implications and economic indicators, including inflation and job growth.
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Amazon's Performance
- Amazon had its weakest revenue growth on record, but Q4 revenue surpassed Walmart's for the first time.
- Profitability in North American retail is high, possibly due to AI investment.
Amazon's Retail Margin
- Amazon's retail margins are at an all-time high, yet there's still room for improvement.
- As costs return to historical levels, earnings power could significantly increase.
SoftBank's Investment in OpenAI
- SoftBank's significant investment in OpenAI suggests confidence in the company's profitability.
- Despite ongoing litigation and potential competition, SoftBank is betting on OpenAI's future.