Amazon (NASDAQ: AMZN) stock popped 10% on initial earnings results after the closing bell Thursday. Many cloud stocks were rallying on the news. The video below breaks down Amazon's recent earnings and explains why the stock reversed from green to red after hours.
*Stock prices used were the evening prices of April 27, 2023. The video was published on April 27, 2023.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Eric Cuka has positions in Amazon.com, Cloudflare, and Snowflake. The Motley Fool has positions in and recommends Amazon.com, Cloudflare, and Snowflake. The Motley Fool has a disclosure policy.
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