WHAT'S FASCINATING ABOUT AMAZON IS THE FUNDAMENTALS CONTINUE TO IMPROVE BUT THE VALUATION IS AT THE LOWEST LEVEL SINCE OCTOBER OF 2008.
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MORGAN STANLEY MAKES QUITE THE BULLISH CASE. WHAT'S YOUR CASE? >> WHAT'S FASCINATING ABOUT AMAZON IS THE FUNDAMENTALS CONTINUE TO IMPROVE BUT THE VALUATION IS AT THE LOWEST LEVEL SINCE OCTOBER OF 2008.
I'D SAY I LIKE CHINA BUT IT'S A LITTLE BIT MORE NARROW AT THIS POINT NOT AS BROAD BECAUSE IT'S NOT QUITE AS WASHED OUT AND IT'S STILL PARTICULARLY ATTRACTIVE A VERY INTEGRATED A.I. PLAY WHERE THEY HAVE THE COMMERCE BUSINESS, QUINN WITH THEIR CHATGPT.
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LIZ: FASCINATING TO SEE. THE LAST TIME YOU WERE HERE, WITH ME, JULY 2023, AND JULY 2025, YOU LIKE CHINA. THAT WAS A CONTRARIAN PICK. ALIBABA IN PARTICULAR, REPORTS EARNINGS THIS WEEK COMING UP. BAIDU REPORTED THEY ARE STRUGGLING DO YOU LIKE THE CHINA TRADE QUICKLY? >> I'D SAY I LIKE CHINA BUT IT'S A LITTLE BIT MORE NARROW AT THIS POINT NOT AS BROAD BECAUSE IT'S NOT QUITE AS WASHED OUT AND IT'S STILL PARTICULARLY ATTRACTIVE A VERY INTEGRATED A.I. PLAY WHERE THEY HAVE THE COMMERCE BUSINESS, QUINN WITH THEIR CHATGPT.
Transcrição Completa
LIZ: FOX BUSINESS ALERT. AMAZON'S ROAD TO $500 A SHARE COULD RUN STRAIGHT THROUGH AWS. THE CLOUD BUSINESS, AMAZON WEB SERVICES ALREADY GENERATES MORE ANNUALIZED REVENUE THAN DELL'S TOTAL ANNUAL SALES, AND ITS GOT THE SCALE OF A MAJOR STANDALONE COMPANY. I RECENTLY ASKED AWS CHIEF MATT GARMIN WHETHER MAYBE IT COULD EVENTUALLY BECOME JUST THAT. AT WHAT POINT DO YOU THINK ABOUT AWS BECOMING SO MASSIVE THAT AMAZON SPINS IT OFF? >> I THINK AWS IS A GREAT BUSINESS AND WE LOVE THE RETAIL PARTS SO I WON'T SPECULATE SPINNING IT OUT. I THINK WE GOT A LOT OF BENEFITS FROM BEING PART OF AMAZON WITH A GREAT CUSTOMER WE GET TO LEARN FROM INTERNALLY. LIZ: BUT IS IT GOING TO GET SPUN OFF? MORGAN STANLEY SEES AWS GROWING FROM ABOUT $170 BILLION IN ANNUALIZED REVENUE TODAY TO $1 TRILLION WITHIN THE NEXT EIGHT TO 10 YEARS. THE FIRM'S CURRENT AMAZON PRICE TARGET IS 335 BUCKS AMAZON AT THE MOMENT IS AT $259 A SHARE. THE BULL CASE, WHAT'S $500, IN PLAY. OUR COUNTDOWN CLOSER IS BETTING ON AMAZON STRONG OPERATING GROWTH AND MASSIVE A.I. OPPORTUNITY. JOINING ME NOW WITH 4.8 BILLION IN ASSETS UNDER MANAGEMENT IS NFJ INVESTMENT GROUP CIO JOHN MOWRY. MORGAN STANLEY MAKES QUITE THE BULLISH CASE. WHAT'S YOUR CASE? >> WHAT'S FASCINATING ABOUT AMAZON IS THE FUNDAMENTALS CONTINUE TO IMPROVE BUT THE VALUATION IS AT THE LOWEST LEVEL SINCE OCTOBER OF 2008. WHAT'S FASCINATING IS WHEN I LOOK AT AMAZON WE MIGHT BE ON THE CUSP OF THE FIRST TRILLION DOLLAR REVENUE COMPANY EVER IN WORLD HISTORY, SO WE'RE AT 900 BILLION TODAY GETTING TO A TRILLION DOESN'T SEEM THAT HARD WHEN GROWING REVENUES AT 20% PER YEAR YEAR-OVER-YEAR. LIZ: FORWARD PE 20. THAT IS CHEAP. >> AND WHAT'S FASCINATING IS WHEN YOU SEE LOW MULTIPLES IS BECAUSE A STOCK IS GROWING SLOWLY. THEY'RE ACCELERATING SO YOU KNOW OPERATING INCOME CONTINUES TO ACCELERATE. AWS HAD THEIR BEST QUARTER IN 18 QUARTERS SO THERE'S A LOT TO LIKE ABOUT AMAZON AND IT'S SETUP REALLY WELL IN THIS ENVIRONMENT FOR MULTIPLE REASONS. LIZ: DO YOU SEE ANY CHANCE OF AWS BEING SPUN OFF? >> I THINK IT'S VERY POSSIBLE. YOU KNOW, WE'VE SPECULATED THAT BEFORE. LIZ: IS THERE A DOWNSIDE TO THAT? >> WE WOULD PUT SCRUTINY ON THE RETAIL SIDE OF THE BUSINESS SO THEY HAVE TO FIND A WAY TO MAKE THAT PROFITABLE AND ONE WAY TO DO THAT HAS NOT BEEN TALKED ABOUT IS THE A.I. STORY FOR ROBOTICS. IF YOU HAVE SUCH SCALE LIKE THEY DO WITH ALL OF THE FULFILLMENT CENTERS IF YOU'RE ABLE TO INCREASE THE A.I. ROBOTICS AND HOW THAT GETS DISTRIBUTED THAT IS IMMEDIATE BOOST TO MARGINS, SO TO THE EXTENT A.I. TRICKLES DOWN THOSE CONVERSATIONS START BECOMING MORE INTERESTING AT THE AMAZON PARENT LEVEL. LIZ: FASCINATING TO SEE. THE LAST TIME YOU WERE HERE, WITH ME, JULY 2023, AND JULY 2025, YOU LIKE CHINA. THAT WAS A CONTRARIAN PICK. ALIBABA IN PARTICULAR, REPORTS EARNINGS THIS WEEK COMING UP. BAIDU REPORTED THEY ARE STRUGGLING DO YOU LIKE THE CHINA TRADE QUICKLY? >> I'D SAY I LIKE CHINA BUT IT'S A LITTLE BIT MORE NARROW AT THIS POINT NOT AS BROAD BECAUSE IT'S NOT QUITE AS WASHED OUT AND IT'S STILL PARTICULARLY ATTRACTIVE A VERY INTEGRATED A.I. PLAY WHERE THEY HAVE THE COMMERCE BUSINESS, QUINN WITH THEIR CHATGPT. >> [CLOSING BELL RINGING] LIZ: JOHN MOWREY, TH
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