Amazon.com, Inc. remains in a strong uptrend, with AWS driving accelerating revenue and margin expansion. Q2 results showed a 19.6% YoY revenue increase and a standout AWS margin of 39.4%, fueling optimism for further consolidated margin gains. I project AWS will eventually contribute over 50% of revenues, structurally lifting consolidated EBIT margins toward 20%+ and supporting higher valuation multiples.
Read on seekingalpha.com