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L1 Capital Bullish on AMZN: AWS AI Investments Seen as Undervalued

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The Story

News Summary

  • L1 Capital's Q2 2026 letter praises Amazon's ecommerce execution and AWS growth potential, citing under-appreciated AI chip capabilities (Graviton, Trainium) and long-term structural opportunities despite near-term negative free cash flow from AI capex.
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AMZN price history

256.78 +13.48% over the displayed period

Advisor Snapshot

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