◆ NeutralAMZNMSFTORCLORCLpDGOOGGOOGL
AMZN's $5.3B Saudi Arabia Bet Sparks Market Buzz: Is the Stock a Buy?
Zacks Investment Research·
Amazon's AWS announced its first cloud infrastructure region in Saudi Arabia is on track for December 2026 launch, expanding to 40 global regions. AWS and HUMAIN plan 50 megawatts of AI capacity by 2028. AWS sales grew 37% YoY in Q2 2026 with 39% operating margin. Despite trading at a premium valuation (22.78X forward P/E), analysts recommend AMZN as a buy given accelerating AWS growth and expanding profitability.
Read Full Article at Zacks Investment Research →