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Amazon conference call: The company will become "stronger" in the trade war, expanding the Q2 guidance range and "removing some commodities" to maintain low stock prices.
The Amazon CEO likened the current tariff war to the COVID-19 pandemic, believing that the company will replicate the success it had during the pandemic in this tariff battle. In response to the uncertainty of tariffs, Amazon has expanded its guidance range, anticipating operating profits for the second quarter to be between $13 billion and $-17.5 billion. In addition, AWS is currently increasing its capacity to meet the growing market demand.
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