Amazon Q3 Earnings: A $220 Billion Bet Wall Street Doesn't Understand

What happened: Amazon.com, Inc. ($AMZN) saw a Q3 selloff tied to concerns over its $220B AI investment cycle and negative free cash flow, per a Seeking Alpha analyst article. Key numbers: $220B AI investment cycle; AWS revenue up 39% YoY; operating income up 55%; North American retail operating income up 82%; $290 price target, about 27% upside. Why it matters: The author argues Wall Street is focused on near-term cash flow pressure while overlooking expanding earnings power, and reaffirms a Strong Buy rating on $AMZN.

Amazon.com, Inc. ($AMZN) saw a Q3 selloff tied to concerns over its $220B AI investment cycle and negative free cash flow, per a Seeking Alpha analyst article.

The author argues Wall Street is focused on near-term cash flow pressure while overlooking expanding earnings power, and reaffirms a Strong Buy rating on $AMZN.