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More from Barron's: The paper also talks up the value of Amazon Web Services (AWS),...

More from Barron's: The paper also talks up the value of Amazon Web Services (AWS), which has emerged as a dominant player in the fast-growing cloud infrastructure services market, and likely contributed to Amazon's (AMZN) Q1 gross margin increase. Nomura's Brian Nowak values AWS at $48/share, based on a 4.7x multiple of estimated 2016 sales of $6.21B. (more)
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