AmazonNASDAQ: AMZN

Which of these resilient retail stocks is a better investment right now?

Amazon is performing exceptionally well, and its prospects seem very promising.

Amazon shared impressive results, thanks to its strong e-commerce performance and increasing profits from AWS. However, a slowdown in third-party services suggests that some merchants are moving to rival platforms. Additionally, the recent changes at Temu could threaten Amazon's advantage in e-commerce in the long run.

Amazon announced its Q3'24 earnings, which were better than anticipated, thanks to strong performance in e-Commerce and particularly in Cloud services. The company exceeded expectations for both revenue and profit, with a notable increase in operating income from AWS. Looking ahead, Amazon's outlook for Q4 is promising, as it includes major shopping events like Black Friday and the Christmas season, likely increasing spending on the platform.

On Friday, a report revealed that U.S. energy regulators turned down a revised interconnection agreement for an Amazon data center that would be linked directly to a nuclear power plant in Pennsylvania.

Amazon (AMZN) exceeded expectations for its earnings in the third quarter, both in terms of revenue and profit. Investors were particularly interested in the company's capital spending, especially regarding its investments in AI.

Jeff Bezos, the founder of Amazon, is selling over $3 billion in Amazon shares, as shown in a recent regulatory filing made public on Friday. This is his most recent stock sale for this year.

After announcing strong Q3 results on Thursday after the market closed, Amazon's (AMZN) stock rose by over 7% during Friday's trading.

Amazon announced impressive results, indicating that the company is performing well across the board. This success reflects its strategies to reduce and reorganize costs, strengthening its position in the cloud computing and e-commerce sectors. Ramiz Chelat, a portfolio manager at Vontobel Asset Management, shares his insights with Caroline Hyde and Ed Ludlow on "Bloomberg Technology."