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Amazon stock is up 7% after the company reported Q4 earnings. Is the stock a buy right now?
In this video, I will be talking about Amazon's (AMZN 3.43%) fourth-quarter earnings report, a new AI announcement, and a couple of important points that were mentioned during the earnings call. While Amazon stock might look expensive, it is becoming more profitable by the quarter.
*Stock prices used were from the trading day of Feb. 1, 2024. The video was published on Feb. 1, 2024.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Neil Rozenbaum has positions in Amazon. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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