Amazon stock
Posted: August 5th, 2023, 1:14 pm
Stock up 8.3% Friday. Up something like 66% ytd, back to where was a year ago.
This reminds me of Tesla. All that seems to matter is sales growth. Earnings don't seem to matter very much, with a PE of c. 300.
AWS, an AI cloud computing high margin business, makes the profit. The retail sales don't make anything.
Surely at some point in the future, the main business not making anything must matter?
We've had EVs, and Crypto. Now latest hype is AI. Still if you're riding wave all good until the bubble bursts.
This reminds me of Tesla. All that seems to matter is sales growth. Earnings don't seem to matter very much, with a PE of c. 300.
AWS, an AI cloud computing high margin business, makes the profit. The retail sales don't make anything.
Surely at some point in the future, the main business not making anything must matter?
We've had EVs, and Crypto. Now latest hype is AI. Still if you're riding wave all good until the bubble bursts.