Following a decline of over 30% in Amazon's share price earlier this year, Pershing Square Capital Management recognized this as an "exceptionally compelling" buying opportunity and established a new position. Ryan Israel, the Chief Investment Officer, expressed optimism about the resilience of Amazon Web Services and the company's potential for earnings per share growth exceeding 20%. Despite the significant drop in share prices triggered by President Trump's announcement of comprehensive tariffs, Amazon CEO Andy Jassy affirmed that there have been no notable shifts in consumer spending or demand. On Thursday, Amazon's share price closed at $203.10.