Posted 2/14/2024, 10:10:00 AM
Amazon and Snowflake Positioned for Growth as Consumers Spend More Online
- New bull market spells good news for consumer spending and Amazon's e-commerce business
- Amazon seeing accelerating growth in online stores, higher profits from cost cutting
- Snowflake focused on high-growth AI opportunity, seeing improving demand environment
- Snowflake's net promoter score shows competitive advantage, faster growth than competitors
- Both Amazon and Snowflake have routes to continued margin expansion and stock price upside