Amazon: We Initiated A Position Amidst Tariff-Related Market Volatility

Pershing Square Holdings972 FollowersFollow5ShareSavePlay(5min)Comment(1)SummaryAmidst tariff-related market volatility in April 2025, we were able to initiate a position in Amazon at a highly compelling valuation.AWS is the leader in the highly concentrated cloud hyperscaler market, benefiting from the long-term migration of IT workloads to the cloud.AWS is currently a ~$140 billion run-rate revenue business that grew at an impressive 20% rate in 2025.We believe Amazon's retail business has the potential to sustainably maintain a double-digit revenue growth rate over the longer-term.Amazon continues to trade at an attractive multiple of approximately 26 times earnings per share, a highly discounted valuation relative to peers. hapabapa/iStock Editorial via Getty Images The following segment was excerpted from the Pershing Square Holdings (PSHZF) H2 2025 Letter To Shareholders. Amidst tariff-related market volatility in April 2025, we were able to initiate a position in Amazon (AMZNThis article was written byPershing Square Holdings972 FollowersFollowPershing Square Holdings, Ltd. is an investment holding company structured as a closed-ended fund principally engaged in the business of acquiring and holding significant (but generally not controlling) positions in a concentrated number of large capitalization companies. PSH’s objective is to maximize its long-term compound annual rate of growth in intrinsic value per share. Note: This account is not managed or monitored by Pershing Square Holdings, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Pershing Square Holdings' official channels.