Amazon Surges on Strong Cloud and Advertising Growth

A recent trade involving SMCI and AMZN has yielded a profit of $1,245.47 for an investor on Moomoo. The profit was taken by selling SMCI and reinvesting in Amazon. The investor's reasoning behind the rotation into AMZN is based on several factors.

The cloud revenue of AWS, Amazon's subsidiary, grew 37% year-over-year, driven by strong demand for cloud and AI services. Additionally, advertising revenue increased 26% year-over-year, providing another growth engine for the company. The investor notes that the price of AMZN has pulled back near its daily Lower Bollinger Band and EMA200, creating a technical setup conducive to tactical swings.

The investor is watching for improving momentum in AMZN while managing downside risk. They encourage others to consider buying AMZN on weakness, but stress that this is not financial advice and should be done at one's own risk.