Group 1 - Amazon.com, Inc. is recognized as a "great company" with a strong retail business, but currently, Wall Street is primarily focused on Amazon Web Services (AWS) [1] - AWS reported a 20% revenue growth last quarter, marking its best growth rate since 2022, highlighting its significance in the company's overall performance [1] - The annual re:Invent conference for AWS is taking place in Las Vegas, where major announcements include new AI agent offerings and high-performance chips aimed at enhancing data center efficiency [1] Group 2 - Amazon operates in various sectors, including selling consumer goods and digital content, providing advertising and subscription services, and developing electronic devices [2] - The company also supports third-party sellers and content creators, showcasing its diverse business model [2]
Jim Cramer on Amazon: “Wall Street Only Seems to Care About Amazon Web Services”