News Formal

Amazon reports earnings after the bell. Here's what Wall Street is watching

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 72%

Technology Nieuws

Breaking News: Technology,Meta Platforms Inc,Alphabet Inc

Amazon is set to report its first-quarter results, and the growth of artificial intelligence could be a key topic.

Amazon 's earnings report on Tuesday evening will give investors insight into two of the biggest stories on Wall Street — the resilient U.S. consumer and the artificial intelligence boom. The company that began as an online bookseller is now a tech conglomerate, with Amazon Web Services cloud business being the key profit driver. When Amazon reports its first-quarter earnings, investors will be looking to see how AWS is growing and if the other businesses are carrying their weight.

mountain Shares of Amazon are outperforming the broader market year to date. Here are some areas to watch underneath the headline results. The cloud business The AWS segment accounts for less than one-fifth of Amazon's revenue, but was responsible for about 67% of the company's operating income in 2023, according to its annual report. With breakthroughs in AI raising demand for more computing power, the cloud business could continue its strong growth for years ahead.

 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 12. in NL

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Amazon set to report first-quarter earnings after the bellWall Street expects Amazon to report 12% revenue growth, a modest acceleration from a year earlier.
Bron: nbcchicago - 🏆 545. / 51 Lees verder »

These tech stocks pay a dividend, have upside and are well-liked by analystsSome of Wall Street's favorite tech stocks could emerge as winners amid the current rally.
Bron: CNBC - 🏆 12. / 72 Lees verder »