According to the China Merchants Securities International research report, Amazon's performance in the first quarter of this year was strong, but the second quarter's guidance was weak. Sales for the next quarter are expected to be between 151 billion and 155.5 billion US dollars, up 5% to 9% year-on-year, in line with expectations; while operating profit forecasts range from 14 billion to 18 billion US dollars, compared to 11.2 billion US dollars in the fourth quarter of 2023, which is not as good as expected. According to the bank, the impact of tariffs is manageable in the short term, but the outlook is uncertain. Furthermore, the bank believes that the potential growth of AWS driven by AI is expected to accelerate in the second half of the year as computational production capacity increases. The bank believes that a quick response to the US tariff issue may be a strong catalyst. The target price for Amazon is 213 US dollars, and the rating is “buy.”

According to the China Merchants Securities International research report, Amazon's performance in the first quarter of this year was strong, but the second quarter's guidance was weak. Sales for the next quarter are expected to be between 151 billion and 155.5 billion US dollars, up 5% to 9% year-on-year, in line with expectations; while operating profit forecasts range from 14 billion to 18 billion US dollars, compared to 11.2 billion US dollars in the fourth quarter of 2023, which is not as good as expected. According to the bank, the impact of tariffs is manageable in the short term, but the outlook is uncertain. Furthermore, the bank believes that the potential growth of AWS driven by AI is expected to accelerate in the second half of the year as computational production capacity increases. The bank believes that a quick response to the US tariff issue may be a strong catalyst. The target price for Amazon is 213 US dollars, and the rating is “buy.”