Core Insights - Bill Ackman has made a significant investment in Amazon, purchasing 5.82 million shares valued at approximately $1.35 billion, representing about 9% of his U.S. equity portfolio [4][12] - The investment is seen as a strategic move, likely made during a market dip in April when Amazon's shares fell to $161, indicating a favorable entry point [4][12] Company Overview - Amazon is the leading player in U.S. online retail, supported by a robust logistics network, a vast third-party marketplace, and over 200 million Prime members, which creates a competitive advantage that is hard to replicate [6] - The company's e-commerce growth has slowed, but Amazon Web Services (AWS) continues to be a strong growth driver, with revenue increasing by 19% in 2024 to $108 billion, contributing significantly to overall operating profit [7] - Amazon's advertising business is rapidly growing, with a 22% increase in Q2 2025, reaching an annualized revenue rate close to $50 billion, showcasing the company's ability to monetize its user base effectively [9] Strategic Considerations - Investors are encouraged to reassess their own investment thesis regarding Amazon, considering its competitive advantages, AWS growth, and advertising potential [10] - Valuation should be checked against personal comfort levels, especially since Ackman entered at a favorable price point [11] - Monitoring key performance indicators such as AWS margins, advertising revenue trends, and Prime engagement is essential for informed decision-making [11]

智通财经APP获悉，尽管亚马逊(AMZN.US)最新财报表现优于市场预期，投资者的反应并不积极。周四 盘后交易中，亚马逊股价一度下跌多达5%。 亚马逊公布的数据显示，该公司2025年第一财季每股收益为1.59美元，高于华尔街普遍预期的1.37美 元；营收为1557亿美元，也略高于分析师预估的1552亿美元；本季度营收指引范围为1590亿至1640亿美 元，中间值与市场预期的1612亿美元基本持平。 不过，备受关注的 云计算业务 Amazon Web Services(AWS)表现略显疲软。AWS营收为293亿美元，略 低于市场预期的294亿美元，成为此次财报中唯一未达预期的部分。 UBS分析师Stephen Ju在财报发布前曾维持对亚马逊股票的"买入"评级，但将目标价从272美元下调至 253美元。他指出，来自关税政策的不确定性是未来面临的主要风险之一。 据了解，美国约有一半商品依赖进口。今年4月，特朗普政府宣布对中国进口商品征收145%的关税，尽 管随后对白宫对部分科技硬件产品进行了临时豁免。作为回应，中国也对美国产品加征关税。这一连串 的贸易举措正在对跨国企业带来成本压力。 亚马逊早前还被媒体报道计划将关 ...