Mark Ishi’s Ishi’s Mahaney Joins ‘Varney & Co’ to discuss Amazon’s Breakon AWS growth, his new $335 price target and why he’s metamorphosing into AI monetization.
Amazon’s shares hit a record high on Friday, rising more than 9%, after strong quarterly results driven by its growing business – AWS – saw a double-digit increase in sales at $30.
| It’s teasing | Security | – Last | Answer | Change % |
|---|---|---|---|---|
| AmN | Amazon.com inc. | 244.22 | +21.36 |
+ 9.58% |
“AWS is growing at the fastest pace we’ve ever seen since 2022, accelerating year-over-year to 20.2%, our highest growth rate in 11 areas,” CEO Andy Jassy told investors. He was more cunning in the coming growth.
“The backlog grew to $200 billion by the end of the Q3 quarter and excluding new deals that could be announced in October, AWS gets to run its capacity provided by Q3.
Jassy took the role of CEO and CEOUnder Jeff Bezos returning in July 2021 and pressed to expand the tech giant in cloud computing, while maintaining its food products, including whole foods, including whole foods. Earlier this week, the company announced it would cut 14,000 federal jobs.
Amazon Cuts 14,000 Union Jobs
Amazon and Blue Found Founder Jeff Bezos deliver the keynote address at the annual Air Force Association Air, Space & Cyber event in Oxen Hill, MD, on September 19, 2018. September Watson/AFP (Jim Watson/AFP/David Paul Morris/Bloomberg/Istiock)
Amazon shares advanced about 11% following 23% and the S & P 500’s 16% rise. However, the last time the stock traded near these levels was in February 2025.
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More than 600 exchange-traded funds listed Amazon as a top holding, according to Alpha Seeking, which also found top managers.
AWS – Amazon Web Services Ad Board is displayed on the field of the century during the NFL game between the Los Angeles Rams and the Seattle Seahawks on October 3, 2019, at Seven Conk Field in Seattle, WA. (Jeff Halsterad/Icon Sportwire via Getty Images/Getty Images)
ETF inflow tops $1 trillion at lightning speed
Amazon ETFs are their biggest holdings
Global X PureCap MSCI Consumer Consumer ETF: 34.7% allocation
ProSshares Online Retail ETF: 24.5% allocation
Fidelity MSCI Consumer Price Index ETF: 22.6% allocation
Consumer Stctor Spr Definition Fund: 22.3% allocation
Vanguard consumer discretionary ETF: 21.5% allocation
Source: Quest for Alpha
| It’s teasing | Security | – Last | Answer | Change % |
|---|---|---|---|---|
| GXPD | Global X FDS Purecap MSCI Consumer Subce | 26.95 | +0.97 |
+ 3.75% |
| Thank you | Profares trust online retail etf | 60.07 | +1.04 |
+ 1.76% |
| Salmon | Fidelity Covington Trust MSCI Consumer Reasteremer | 102.68 | U +2.65 |
+ 2.65% |
| You are honest | Selected Buyer Selected Sector Spr etf | 239.93 | U +6.15 |
+ 2.63% |
| Vcr | Vanguard World Fund Consumer Ressemer Desteremer Etf | 395.62 | +10.07 |
+ 2.61% |
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ETFS had a record year passing more than $1 trillion of insolvencies in October, a level reached in December.
