Amazon Q1 earnings driven by AWS, AI innovations: Analyst

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Julie Hyman,Equity Research Analyst,Arun Sundaram

Amazon (AMZN) stock rose in extended-hours trading after its first-quarter earnings topped Wall Street estimates. CFRA Research Senior Equity Research...

CFRA Research Senior Equity Research Analyst Arun Sundaram credits the success to innovations in Amazon's e-commerce division driving improved retail margins, as well asthat Amazon has a"very compelling stack of generative AI products and services" that are being reflected in its stock prices.3 Reasons to Buy Enbridge Stock Like There’s No Tomorrow

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NEW YORK — More worries about inflation and interest rates staying high knocked U.S. stocks lower on Tuesday, as the market closed out its worst month since September. The S&P 500 tumbled 1.6% to cement its first losing month in the last six. Its momentum slammed into reverse in April, falling as much as 5.5% at one point, after setting a record at the end of March. The Dow Jones Industrial Average dropped 570 points, or 1.5%, and the Nasdaq composite lost 2%.

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