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Bernstein Raises U.S. eCommerce Forecasts After Estimating 11% Q2 Sales Growth
Investment firm Bernstein raised its U.S. eCommerce forecasts, citing an estimated 11% sales growth in Q2, a significant increase from 5-6% in recent quarters. The firm anticipates strong results from Etsy, eBay, and Wayfair, while Amazon's performance is expected to largely depend on its AWS cloud growth, which investors are looking for over 30%. Bernstein also projects further increases in AI-driven capital expenditure in 2027.
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