Why Is Amazon Near a 52-Week High So Much Cheaper Than Walmart at Its Lowest Level This Year? This Is the Only Answer I Can Think Of.

The article argues that Amazon is the more attractive buy versus Walmart because valuation and growth are moving in opposite directions. Amazon is near a 52-week high, up about 14% year to date, and its Q2 results reinforced the bull case: net sales rose 20%, operating income jumped 43%, and AWS growth accelerated 37%. The market is also more comfortable with Amazon’s heavy AI-related capex because demand for AWS remains strong, with backlog at about $244 billion. Despite a recent rally, Amazon still trades at roughly 21 times earnings, near its lowest P/E in a decade. Walmart, by contrast, is up only about 3% year to date, trades near its low for the year, and carries a much richer valuation around 40 times earnings, while growth remains modest. Overall, the piece frames Amazon as cheap with improving fundamentals and Walmart as expensive with slower growth.