Amazon is scheduled to post quarterly earnings after the bell on Tuesday, continuing a wave of Big Tech results that have so far wowed Wall Street but also flashedAI spending. The company is expected to offer updates on the progress of its AI development, the state of its lucrative cloud business, and the growth of its advertising segment.Here’s what Wall Street is expecting for some of Amazon's most significant metrics in the company’s fiscal fourth quarter:Adjusted earnings per share: $0.
Amazon is the biggest player in the cloud industry. Amazon Web Services claims about 30% of market share, followed by Microsoft Azure and Google Cloud. The trio collectively account for roughly two-thirds of the market. Michael O'Leary says that if football players and their managers can get paid in the multi-millions, why not him?Shopify stock was climbing Monday after an analyst upgraded shares of the e-commerce platform on confidence in growth. Citi analyst Tyler Radke upgraded shares of Shopify to Buy from Neutral, and increased his target price to $105 from $93, which implies a 47% increase in the stock price as of Friday’s close.
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