---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/24969012.md"
description: "(Transfer) $Amazon(AMZN.US) exceeded expectations, and like the other three, the margin is good + higher capex, and capex exploded! $75 billion, nearly $5 billion more than market expectations. $Marvell Tech(MRVL.US) rose in response, driving $NVIDIA(NVDA.US) up 1%. The 2025 CAPEX guidance was not provided, only stating "we'll spend more than that in 2025." Market expectations were only $73 billion, likely to be adjusted to around $80 billion. If capex starts to increase in H2 2024, then in addition to AWS competing for H200 and GB200, Marvell's customized Trainium2, which will accelerate mass production starting in H2 2024, will definitely be a procurement focus. Previously, we updated AWS's 2025 CoWoS adjustment at TSMC, consistent with the direction of capex exceeding expectations.AWS's growth rate of +19% slightly missed, but it's okay as profits beat expectations significantly. The revenue guidance is also good, indicating that Q4 is expected to accelerate.Additionally, it was mentioned that AI revenue is in the tens of billions of dollars and still growing at triple digits (doubling), so the estimated growth rate of Microsoft's $10 billion AI revenue for next year is also not exaggerated."
datetime: "2024-11-01T01:26:23.000Z"
locales:
  - [en](https://longbridge.com/en/topics/24969012.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/24969012.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/24969012.md)
author: "[momoM](https://longbridge.com/en/profiles/7524795.md)"
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/24969012.md) | [繁體中文](https://longbridge.com/zh-HK/topics/24969012.md)


# (Transfer) $Amazon(AMZN.US) exceeded expectations,…


### Related Stocks

- [ProShares Global Listed Private Equity (PEX.US)](https://longbridge.com/en/quote/PEX.US.md)
- [Amazon.com, Inc. (AMZN.US)](https://longbridge.com/en/quote/AMZN.US.md)
- [Marvell Technology, Inc. (MRVL.US)](https://longbridge.com/en/quote/MRVL.US.md)
- [NVIDIA Corporation (NVDA.US)](https://longbridge.com/en/quote/NVDA.US.md)
- [Taiwan Semiconductor Manufacturing Company Limited (TSM.US)](https://longbridge.com/en/quote/TSM.US.md)
- [Microsoft Corporation (MSFT.US)](https://longbridge.com/en/quote/MSFT.US.md)
- [Direxion Daily Semicondct Bull 3X ETF (SOXL.US)](https://longbridge.com/en/quote/SOXL.US.md)
- [VanEck Semiconductor ETF (SMH.US)](https://longbridge.com/en/quote/SMH.US.md)
- [GraniteShares 2x Long NVDA Daily ETF (NVDL.US)](https://longbridge.com/en/quote/NVDL.US.md)

## Comments (1)

- **潜水ver雯雯酱 · 2024-11-01T01:47:46.000Z**: It's impossible for all the Magnificent Seven to bomb, lol. Thanks Amazon!