Hedge Funds on Amazon Alert

These funds are anxiously awaiting the e-commerce and cloud giant’s earnings report after Thursday’s close.

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Illustration by II

And now it is Amazon’s turn.

Jittery tech-oriented hedge funds are eagerly awaiting the e-commerce giant’s earnings report after Thursday’s close, mindful that investors have been either heavily punishing the stocks of companies reporting disappointing results or greatly rewarding companies serving up good news amid an otherwise sharp drop in tech, internet, and telecom stocks.

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