Should You Buy Amazon Before Oct. 29?

Amazon's AWS cloud business is experiencing strong AI-driven growth with 36% quarterly growth and custom chips reaching a $25 billion annual run rate. However, the company's $220 billion capital expenditure forecast raises concerns about monetization timelines. With Amazon trading at a reasonable 29x forward earnings and a major earnings report scheduled for Oct. 29, analysts suggest the stock is a solid buy for long-term investors, though there's no urgent need to purchase before the earnings announcement.