The speaker reviews Amazon's Q3 financial results, reporting a 13% increase in net sales, to $180.2 billion, compared to $158.9 billion in the same quarter last year. Operating income remains flat year-over-year at $17.4 billion, but is impacted by two one-time charges totaling $4.3 billion. Excluding these charges, operating income would have been $21.7 billion. Operating cash flow increased 16% to $130.7 billion for the trailing twelve months. Amazon's management team expresses continued strong growth in Amazon's business as AI drives meaningful improvements. The analysis reiterates a buy rating on the stock and finds that AMZN is still a worthwhile investment at around $250, the speaker's proprietary discounted cash flow valuation model gives an intrinsic value of $294.76.