Why is Amazon stock not soaring despite beating earnings?

Pros:
1. Amazon beat earnings, indicating strong financial performance. 2. Initial rise in Amazon shares shows positive market response.
3. Amazon continues to expand and diversify its business, which boosts long-term growth potential.
4. The company’s e-commerce dominance and increasing customer base add to its competitive advantage.
5. Amazon’s ongoing investments in innovation and technology underline its commitment to staying ahead in the market.
6. The company’s long-term value and potential for future growth make it an attractive investment opportunity for some.

Cons:
1. Investors had high expectations for Amazon’s cloud results, which were not met.
2. Disappointment over cloud results contributed to the stock not soaring despite beating earnings.
3. Amazon faces increasing competition in the cloud services market, which puts pressure on its growth in that area.
4. Concerns about rising costs and potential regulatory scrutiny could impact the company’s profitability.
5. The stock market can sometimes exhibit short-term volatility and sentiment-driven reactions that may not necessarily reflect the company’s true value.
6. Various external factors, such as macroeconomic conditions or market trends, can also influence the stock’s performance, independent of earnings results.

context: https://www.barrons.com/articles/amazon-earnings-stock-price-a9464368

Amazon’s shares initially surged as they exceeded projected earnings, however, investors desired stronger cloud results.