@iramneek @MohnishPabrai A few more things to think about:
 1) ~1/2 of Amazon's operating earnings currently are AWS, but &lt; 20% of revenues.  Without AWS, operating margins are probably worse than $WMT
2) $MSFT  growing Azure cloud biz, 12%/18% Q4 2017/19 vs. $AMZN 32%/33%.  Lots of Competition  1/n