Why Amazon Stock Is Plummeting Today
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Shares of Amazon (AMZN) are down 8.3% amid broader market declines, following the release of its Q2 financials. Although the company beat earnings and revenue expectations, growth in its cloud business, AWS, lagged behind competitors like Microsoft and Google. Additionally, new tariffs signed by President Trump are impacting Amazon's stock, given its reliance on international trade. Despite these challenges, Amazon remains a highly profitable company with significant growth potential.
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