Amazon is an important business, and that's not likely to change anytime soon. The company's cloud-computing platform generates most of its profits, and demand is currently outpacing supply.
Amazon's cloud business knocked it out of the park and CEO Andy Jassy hinted that the unit is gaining momentum heading into the next few months giving him 'significant confidence' he said.
Amazon.com Inc. NASDAQ: AMZN just delivered the kind of quarter we, and most of Wall Street, had been waiting for. After months of consolidation below the $240 ceiling and making investors sweat about potential downtrends, Thursday night's earnings report just blew the doors off its hinges.
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