AI Stocks Plunge After Amazon’s Q4 Update, but Long-Term Moats Ensure Rebound
Amazon’s recent quarterly update sparked a sell-off in its shares, with the company’s stock plummeting 6% on Friday. However, a closer look at the data suggests that this market overreaction will be short-lived. Firstly, Amazon’s earnings per share (EPS) missed Wall Street’s estimate by $0.02, but special charges reduced operating income by $2.4 billion, lowering … Read more