As second-quarter earnings season winds down, RBC Capital Markets is looking back at some companies that experienced the biggest earnings surprises due to the latest technology trend transforming the globe. Artificial intelligence-related investing has proven to be the trend to play in 2023, as Wall Street bets on the growing use cases for generative AI.
mountain Amazon shares over the last month Amazon was another name that surprised Wall Street at least in part due to AI, with RBC calling the e-commerce seller's "clear AI strategy" coupled with Amazon Web Services growth and retail EBIT expansion "compelling." In its latest earnings, Amazon touted some of its AI plans, including custom AI chips and its Bedrock platform .
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: