Posted 2/14/2024, 10:10:00 AM
Amazon and Snowflake Growth Suggest Economic Rebound, Increasing Tech Demand
- Amazon's business is tied to consumer health, so its growth suggests economic improvement
- Amazon is seeing accelerated growth in online stores from greater selection, lower prices, and faster shipping
- Amazon's profits are increasing due to margin improvements in North America and internationally
- Snowflake focuses on AI services, which are seeing soaring demand
- Snowflake raised guidance on 37% expected revenue growth this year and is seeing better margins