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Amazon is set to report today after close.
Wall Street is expecting another big quarter on paper – roughly $211–212 billion in revenue, up about 12–13% year-over-year, with AWS pegged around $35 billion.
Earnings are forecast near $1.97–$1.98 a share, which sounds fine… until you realise that’s only about 6% growth, because Amazon is still spending aggressively on AI and capex just to keep up.
That means the real question isn’t whether they’
