Amazon Stock Unfazed by AWS Outage – Analysts See Big Rally Ahead
Investors will be watching Amazon closely after recent turbulence and ahead of its Q3 results. On Oct. 20 a major AWS outage – one of the largest Internet disruptions in years – knocked thousands of popular apps and sites offline, from banking portals to gaming platformsreuters.com. Crucially, Amazon’s engineers fixed the issue by evening, and Wall Street shrugged it off. In fact, AMZN stock rallied 1.6% on Oct. 20 (closing around $216.50)ts2.tech, as one analyst noted: “the spotlight was firmly on AWS and it didn’t quite shine as brightly as expected”reuters.com, yet investors seemed more focused on Amazon’s overall cloud