ARK Invest Snaps Up About $2M of Amazon Stock Ahead of Q4 Earnings

1 min read
Source: TipRanks
ARK Invest Snaps Up About $2M of Amazon Stock Ahead of Q4 Earnings
Photo: TipRanks
TL;DR

Cathie Wood’s ARK Invest disclosed the purchase of about 8,088 Amazon shares worth roughly $1.93 million ahead of Amazon’s Q4 FY25 results, signaling confidence in AWS growth, AI-related demand, and efficiency improvements. Analysts expect Q4 earnings of about $1.97 per share on ~$211.4 billion in revenue, with AWS remaining the key growth driver as cloud demand and AI spend pick up. Wedbush remains optimistic about AMZN’s outlook, and the stock has a supportive price target, while Amazon continues cost-cutting measures to boost margins.

Share this article

Want the full story? Read the original reporting

Read on TipRanks