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Amazon.com (AMZN) Outperformed in Q4

The Ithaka Group, an investment advisory firm, released the “Ithaka US Growth Strategy” fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. After a difficult 2022, most major market indices rebounded in 2023 with a 42.7% gain for the Russell 1000 Growth (R1G), the strongest performance in about 25 years. In the […]
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Cloud Stocks: Analysis of Amazon's GenAI Strategy

Earlier last week, Amazon (NASDAQ: AMZN) announced its fourth-quarter results that surpassed market expectations. It has recently launched several GenAI applications, the latest one being Rufus, a genAI shopping assistant. Its stock hit a 52-week high following its result announcement. Amazon's Financials Amazon's fourth quarter revenues grew 14% to $170 billion, ahead of the market's forecast of $166.2 billion. Net income increased to $10.6 billion or $1 per share, compared with ...
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