On Oct. 27, e-commerce and cloud computing titan Amazon (NASDAQ: AMZN) reported financial results for the third quarter of 2022. Studious investors undoubtedly read the official press release and noted slowing revenue growth, a steep decrease in operating income, and weak financial guidance. Amazon Web Services (AWS) is Amazon's cloud-computing platform, helping companies like Netflix in creating its video content, Verizon in building out its 5G infrastructure, and even Vertex Pharmaceuticals in developing new drugs.AWS is so big that there's a good chance it's powering something you use today behind the scenes. Read More...
Motley Fool
2 FAANG Stocks to Buy Like There’s No Tomorrow
FAANG stocks ruled the market for a decade. The group that includes Meta Platforms (formerly Facebook), Amazon (NASDAQ: AMZN), Apple, Netflix, and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) (formerly Google) delivered monster returns for years, but most of these stocks have crumbled over the last year. Rising interest rates, recession fears, and other macro headwinds have pressured these stocks, bringing the most popular bet on Wall Street to an end.
