Amazon Is Sinking Today -- Is the Stock a Buy Right Now?
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Amazon's stock fell 7.7% despite a strong earnings report, with EPS of $1.68 and sales of $167.7 billion, surpassing analyst expectations. The decline is attributed to a softer profit forecast due to high AI spending and bearish market momentum. However, Q2 results showed strong margins and double-digit sales growth across segments. Guidance for Q3 remains positive, suggesting long-term growth potential. Analysts view the current dip as a buying opportunity for long-term investors.
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