Amazon Stock Popped on Earnings. Options Data Tells Us AMZN Could Be Headed Here Next.
Amazon (AMZN) shares are pushing meaningfully higher this morning after the multinational said its Amazon Web Services (AWS) cloud division grew a better-than-expected 20% year-over-year in its third quarter. This marked the strongest quarterly growth for Amazon Web Services in about three years, helping ease concerns that the cloud computing platform is losing ground to Microsoft Azure and Google Cloud. More News from Barchart Following Q3 numbers that topped analysts’ expectations on both the top and ...