Amazon Shares End Oct. 20 Below Record Ahead of Q3 Earnings Call
Photo: TokenPost
Amazon shares closed Oct. 20 below their August record, putting the Oct. 29 earnings call in focus for investors weighing cloud growth against the cash demands of AI investment. The stock reached a record closing price of $284.02 on Aug. 3. Its Oct. 20 close was below that mark. The upcoming results will give investors a new period to compare with Amazon’s second-quarter performance. In the quarter ended June 30, Amazon Web Services (AWS) recorded $42.2 billion in sales, a 37% increase from a year earlier.
Source: TokenPost
