Inference cost curves are collapsing
Cost per token fell faster than anyone modelled. That changes the margin story.
Free 6 min read
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AMZN
AMZN
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Notes mentioning AMZN
5Why AMZN traffic is inflecting
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Paid 4 min read
AMZN earnings preview: what I'm watching
Ad reacceleration plus margin discipline is a combination the market keeps doubting.
Free 9 min read
AMZN earnings preview: what I'm watching (Part 2)
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Paid 11 min read
AMZN: margins re-rate from here
Card-spend signals point to a demand turn before the next print.
Free 8 min read