Core Viewpoint - Amazon's recent earnings report exceeded expectations, leading to an initial stock price increase of approximately 11%. However, subsequent market changes resulted in a decline, with Amazon becoming the worst performer among the "Big Seven" tech giants this year and over the past year [3][4]. Market Performance - Amazon's stock price has changed by -4.50% since January 31, while other tech giants like Alphabet and Microsoft have seen increases of 13.59% and -4.98%, respectively [10]. - The overall market is facing challenges due to concerns over an "AI bubble," affecting the performance of tech stocks, including Amazon [7]. Macro Environment - The macroeconomic environment is unfavorable, with rising concerns about the AI bubble and a decreased likelihood of interest rate cuts in December, leading to a "sell first, ask questions later" mentality among investors [12]. - Despite these challenges, Amazon's core business, AWS, continues to grow at a double-digit rate, indicating that the company has not lost its competitive edge [12]. Analyst Insights - Analysts believe that the current market volatility presents a buying opportunity for Amazon, as the company is expected to rebound once market narratives around AI become more rational [12]. - Amazon's management plans to automate 600,000 jobs, which is anticipated to enhance profit margins and initiate a cycle of efficiency improvements that the market has not fully accounted for [12]. Cloud Services Collaboration - In November, Google and Amazon announced a partnership to launch a multi-cloud interconnect service, integrating AWS with Google Cloud, which simplifies the connection process for customers [13][14]. - This collaboration is seen as a significant change in the multi-cloud connectivity space, allowing AWS customers to utilize Google’s AI tools without fully migrating to Google Cloud [17]. Valuation Metrics - Amazon's forward P/E ratio stands at 33, which is lower than Nvidia's 38 and Tesla's 335, and is comparable to Microsoft and Google [18]. - The forward enterprise value/sales ratio for Amazon is 3.58, the lowest among its peers, indicating a potential undervaluation compared to Google (9.52) and Meta (8.22) [19]. - Analysts are confident that Amazon's stock price will achieve double-digit growth by the end of 2025, with further upside potential in 2026 [19].

随着支持这些服务所需算力的增长，为应对人工智能需求激增带来的互联网流量飙升，Alphabet、微软 和亚马逊等科技公司正投入数十亿美元建设基础设施。 据两家云服务提供商公告，新服务结合了AWS的Interconnect多云互联与谷歌云的跨云互联技术，以提 升网络互操作性。AWS网络服务副总裁罗伯特·肯尼迪表示："AWS与谷歌云的此次合作标志着多云连接 领域的根本性转变。" 谷歌云网络副总裁兼总经理罗布·恩斯指出，联合网络旨在让客户更轻松地在云间迁移数据和应用程 序。谷歌云在声明中称，Salesforce是采用该新技术的早期用户之一。 AWS向企业、政府及个人提供计算能力、数据存储和其他数字服务，是全球最大云服务提供商，其后 是微软的Azure和谷歌云。 智通财经APP获悉，亚马逊(AMZN.US)和谷歌(GOOGL.US)于12月3日联合推出一项共同开发的多云网 络服务，两家公司在声明中表示，此举旨在满足市场对可靠连接日益增长的需求——在当前环境下，即 使短暂互联网中断也可能造成重大故障。 该举措将使客户能够在几分钟而非数周内，在这两家公司的计算平台之间建立私有高速链接。 此项新服务的推出，距10月20日亚马 ...