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200bn Arms Race: AMZN Raises the Bar in AI
$Amazon(AMZN.US) reported Q4 2025 results after-hours on Feb 6 Beijing time. Overall, the quarter was solid with some blemishes. Revenue and OP came in slightly above estimates.
Core AWS growth accelerated meaningfully as expected. However, the market reaction was familiar—shares plunged despite decent prints.Specifically, 1) AWS accelerated as expected, with revenue up 23.6% YoY (similar on a constant FX basis). That represented a further 340bps acceleration vs. last quarter, and a cumulative 670bps pickup from early-year levels...
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