Amazon’s Quarterly Revenue Beats Out Walmart… And Palantir’s Next Move 02/06/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 6 February 2025

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Amazon reporting results, with quarterly revenue beating out Walmart for the first time ever. The details from the company’s quarter, and why one portfolio manager says it’s not just packages Amazon is delivering, it’s the future of e-commerce. Plus Palantir’s record run continues, as shares continue to surge this week. How the options pits are positioning on the name, and why one analyst isn’t buying all the hype. Fast Money Disclaimer

Transcript

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0:00.0	Life in the NASAC market site in the heart of New York City's Times Square.
0:04.4	This is fast money.
0:05.4	Here's what's on tap tonight.
0:06.7	Another earnings bonanza tonight.
0:08.7	Amazon whipsawing after hours in Pinterest hitting six-month highs, the headlines behind all the moves and more.
0:14.6	And a Palantir pop, the stock hitting another record today and up nearly 35% this week.
0:20.6	How to make sense of this seemingly unstoppable
0:23.1	stock and what the options market is saying about what is next. Plus, Eli Lilly jumps even as
0:28.2	its GLP1 drugs disappoint. Coach parent capistry bags an all-time high of its own and what Qualcomm
0:34.5	struggles could say about the future for Apple. I'm Melissa Lee.
0:38.1	Come to you live from Studio B at the NASDAQ on the desk tonight.
0:40.4	Carter Worth, Karen Piederman, Dan Nathan, and Guy Adami.
0:44.1	We start off with a volatile move in Amazon after earnings,
0:46.8	the tech giant beating top and bottom line estimates,
0:48.6	posting cloud unit growth in line with estimates.
0:51.3	But a weak sales forecast for Q1 is weighing on shares in the after hours.
0:55.1	The conference call kicking off moments ago. CBC's Kate Rooney's got more Kate.
0:59.9	Mel, so Amazon did beat for the quarter on top and bottom line, as you mentioned, but
1:03.4	underwhelming guidance and then this foreign exchange impact causing what we saw, that knee-jerk reaction
1:08.9	in shares after hours. The initial drop was around
1:10.9	5% it has paired back some of those losses. Amazon's cloud growth rate was really the key item.
1:16.3	Investors were watching. It was right in line with the streets estimate of 19%. But if you look at
	...

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