Analyst Explains Why He Likes Amazon (AMZN) Stock - 'Really Bullish on Where AWS is Going'

We recently published Top 10 Trending Stocks to Watch Ahead of Nvidia Earnings. Amazon.com, Inc. (NASDAQ:AMZN) is one of the top trending stocks to watch ahead of Nvidia earnings.

Steven Dickens from HyperFrame Research said in a recent program on Schwab Network that he is “really bullish” on Amazon’s Cloud business amid new products and announcements. Here is what Dickens likes about the company:

“Some fantastic announcements coming out of Amazon.com Inc (NASDAQ:AMZN). They announced Kiro, which is their agentic IDE experience that puts them up against Windsurf and Cursor. They also announced Agent Core, which is their sort of curated experience for agents, announcements around Transform, some of their foundation models. So, I’m really bullish on where AWS is going in the AI space, but also then you look at the wider Amazon.com Inc (NASDAQ:AMZN). Prime Day 2025 is the biggest Prime Day ever. They’ve got 22% market share in streaming with Prime. They’ve now got somewhere between 220 and 240 million members for Prime membership. So, they’re also launching a satellite internet service with Kuiper and just had their third successful launch. So, what I like about this company is just the sheer breadth and diversity of where it’s making its money.”

Cooper Investors Global Equities Fund stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its second quarter 2025 investor letter:

“Amazon.com, Inc. (NASDAQ:AMZN) is a dominant, world-class company with powerful secular tailwinds in place including its e-commerce penetration, digital advertising growth, and the transition to the cloud. Amazon reported strong results during the f irst quarter. The company’s stock rebounded during the second quarter.”

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