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    • Amazon Earnings: Shares Rise as Earnings Expectations Ease Fears
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    Amazon Earnings: Shares Rise as Earnings Expectations Ease Fears

    Vaseline Posted on

    Jassy said he believes Amazon has more demand for cloud services than it could meet even if supply were greater, as companies clamor for AI chips whose costs won’t break the bank.

    He also reiterated the case for Amazon’s core business as e-commerce becomes a staple of shopping with its rivals. He touted lower prices, deals he could make with suppliers and greater benefits in service speeds.

    Amazon, he said, represented about 1% of the total retail market worldwide, and said brick-and-mortar stores still accounted for 80% to 85% of that market.

    “If you believe that that equation will change over the next 10 to 20 years, no matter what we do, then there are a lot of opportunities, not just for us, but for several players,” he said. “There won’t be just one successful player.”

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