Tom Nash on $AMZN (Oct 29, 2026)
Amazon is an ideal situation and a top market setup: it rose 10.5% over the past year but lags the S&P 500, with 20% revenue and 43% operating income growth; it is the largest cloud provider and, despite being punished for overspending, trades at 18x forward earnings, 0.25 forward PEG and about 3x sales.
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So, the fourth out of five is Amazon. Amazon now has one of the best settings on the market. We are talking about a company that, yes, rose by 10.5% over the past year. I understand that, don't you ?
But it still lags behind the S& P 500 index. With revenue growth of 20% and operating income growth of 43%. Amazon's operating income improved by 43% over the past year. It is the world's largest provider of cloud computing .
It has a huge network ecosystem with commerce, advertising, logistics, and vertical integration, just like Google does with Tensor Processing Units ( TPUs). Their products have sold out completely through 2026 and 2027.
So, they are also rushing to acquire additional capacity. They are also punished for spending too much money . The forward PEG rate is 0.25. Are we serious? The forward price-to-earnings ratio is 18.
You can now buy Amazon at three times the sales. Sometime in the future, people will say, "Remember that time when Tom told us we could buy Amazon for three times the sales?" And you will laugh and say, "Oh, come on, nobody thought he was serious ." I'm serious. This is an ideal situation.
So, we have the largest cloud provider, which is Amazon. It's not Bloom, but Amazon is huge , and Google is huge, but that does n't matter.
At some point, the next Palantir is just Palantir, Bloom , Amazon, Google, and so on.
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Tom Nash has 2 calls on this stock; only the adjacent ones are shown.