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https://www.forbes.com/sites/jjkinahan/2020/07/28/shopping-and-cloud-how-did-pandemic-impact-amazon-earnings/

Shopping And Cloud: How Did Pandemic Impact Amazon Earnings?

2020-07-28 00:00:00, JJ Kinahan, Forbes

Content Categorization
/Business & Industrial
/Finance
/News/Business News/Financial Markets News

Word Count:
1550

Words/Sentence:
18

Reading Time:
10.33 min

Reading Quality:
Adept

Readability:
13th to 15th

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After a Goldman Sachs

GS

(GS) analyst raised AMZN's target price to $3,800, shares rose nearly 8% but didn't quite reach the all-time high of $3,344.

The company has made acquisitions and partnered with different types of industries, from self-driving vehicles to health care to fintech companies in an attempt to spread its global reach.

AWS provides web services to a very diverse customer base which includes just about every vertical business segment-health care, financial services, energy, government agencies, educational institutions, non-profits.

He stressed the importance for organizations to have access to dependable and secure computing power especially when it comes to health care, online learning, and remote work environments.

And let's not forget, as enterprise customers accelerate their migration to the cloud, AWS faces tremendous competition from companies such as Microsoft (MSFT) and Alphabet (GOOGL) who both have a piece of the cloud pie.

Keywords
q2 earnings, earnings season, amzn q2, stock market, retail earnings, e-commerce, amazon, bezos, amazon earnings, amzn, amzn earnings, cloud service

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