Core Insights - Amazon.com Inc.'s stock experienced a 10% increase in after-hours trading following the announcement of strong quarterly growth in its cloud division, Amazon Web Services (AWS), marking the highest growth rate since 2022 [1] Group 1: Company Performance - AWS delivered its strongest quarterly growth since 2022, which alleviated investor concerns regarding the company's performance [1] - The positive performance of AWS is a significant factor contributing to the overall increase in Amazon's stock price [1] Group 2: Market Reaction - The 10% jump in stock price reflects a strong market reaction to the news of AWS's growth, indicating renewed investor confidence [1]

Robert Duran of BD8 Capital Partners and Kevin Gordon, head of macro research at Schwab Center for Financial Research. Guys, welcome Kevin. Uh, let's put this in the context of Amazon.We saw some mixed reaction to the results from the big names yesterday. This is a big reaction on Amazon, which disappointed a quarter ago with that 17% AWS growth. I'm looking here and uh the guide for operating income for Q4 is also uh between 21 and 26 billion dollars.That means the low end of this range is where they were ...

Core Insights - The company reported earnings that exceeded expectations, with an EPS of $1.95 compared to the expected $1.57 [1] - Revenue also surpassed forecasts, coming in at $180.17 billion against an expectation of $177.8 billion [1] - The cloud business, AWS, showed strong performance with revenue of $33 billion, exceeding the anticipated $32.42 billion [1] Financial Performance - The year-over-year growth for AWS was reported at 20%, which is above the street's whisper estimates of 18.5% to 19% [2] - The positive earnings report led to a nearly 10% increase in the company's share price [2]

Amazon - Amazon has been the worst performer among the "Magnificent Seven" stocks year to date, according to Intelligent Alpha's models which utilize AI for stock picks [1] - Concerns are primarily focused on Amazon Web Services (AWS), as competitors like Google and Microsoft have reported strong cloud growth, putting pressure on Amazon to enhance its offerings [2] - Amazon needs to either partner with OpenAI or significantly develop its own AI capabilities to drive AWS revenue growth [3] Apple - There is positive sentiment regarding consumer demand for the iPhone 17, which has exceeded investor expectations since its announcement [4] - Analysts expect about 5.5% iPhone growth for the next year, but there is potential for higher single-digit growth based on current trends [5] Meta - Meta has benefited from AI in terms of revenue growth but is lagging in developing its own unique technology, particularly with its Llama model [6] - The company has invested heavily in talent acquisition and cloud resources, spending billions to rejuvenate its AI capabilities [7] - Meta issued $25 billion in new debt to finance its initiatives, which is manageable on its balance sheet, but the increasing use of debt for data centers raises concerns [8][9] - Despite the debt, demand for cloud services remains high, and if this demand continues, Meta should be able to manage its debt obligations effectively [10]

Amazon’s cloud unit posted the strongest growth rate in almost three years, reassuring investors concerned that the largest seller of rented computing power was losing ground to rivals https://t.co/VXh6sWKDz8 ...

Core Insights - Amazon reported third-quarter earnings that exceeded Wall Street expectations, with adjusted earnings per share of $1.95, a 33% increase year-over-year, surpassing the forecast of $1.57 [2] - Total sales for the quarter rose by 13% to $180.2 billion, exceeding analyst estimates of $177.91 billion [2] - The AWS cloud business experienced a 20% sales growth, reaching $33 billion, outperforming the expected growth of 18.1% to $32.42 billion [3] Financial Performance - Amazon's adjusted earnings per share for the September-ended quarter was $1.95, up from $1.47 a year earlier [2] - Sales increased to $180.2 billion from $159.1 billion in the same quarter last year [2] - AWS sales grew to $33 billion, compared to $27.5 billion in the previous year [3] Future Guidance - For the current quarter, Amazon projects sales of $209.5 billion at the midpoint of its range and operating income of $23.5 billion [4] - Analysts had previously estimated Q4 revenue of $208.41 billion and operating income of $23.78 billion [5] Stock Market Reaction - Following the earnings report, Amazon's stock rose nearly 9% to $242.07 in after-hours trading [5] - Year-to-date, Amazon shares have increased by 2.2%, underperforming the S&P 500's 16% rally [6] Market Position - Amazon holds an IBD Composite Rating of 89 out of a best-possible 99, indicating strong growth potential [7]

Core Insights - Amazon is set to release its third-quarter results, with a focus on AWS growth amid increasing competition from Google and Microsoft [1][2] - AWS is projected to grow 18.1% year-over-year, maintaining the same growth rate as the previous quarter, while competitors Google Cloud and Microsoft Azure reported significantly higher growth rates of 34% and 40% respectively [2] - The company is facing challenges in the perception of missing out on lucrative AI cloud service deals, as competitors secure substantial partnerships [3][4] Financial Performance - Expected earnings per share for Amazon are $1.57, with total revenue projected at $177.8 billion [5] - AWS revenue is anticipated to be $32.42 billion, while advertising revenue is expected to reach $17.34 billion [5] Competitive Landscape - AWS recently experienced a significant outage lasting over 15 hours, impacting numerous websites, which raises concerns about reliability compared to competitors [2] - Amazon has launched Project Rainier, an $11 billion AI data center aimed at enhancing its capabilities in AI, particularly in collaboration with Anthropic [4] - CEO Andy Jassy emphasized AWS's strong market position but acknowledged the early stage of the AI industry, which is currently dominated by a few large models [5]

Core Insights - Amazon's cloud computing revenue increased by 20% in Q3, reaching $33 billion, surpassing analysts' expectations of $32.42 billion, which represented a growth of 18.1% [1] - AWS faces increasing competition from Google and Microsoft, with Google reporting a 34% revenue increase and Microsoft Azure achieving 40% growth in the same quarter [2] - AWS recently experienced a significant outage lasting over 15 hours, impacting numerous websites, while Microsoft also faced outages shortly before its earnings release [3] Investment and Strategic Developments - Amazon launched its $11 billion AI data center, Project Rainier, aimed at training models for Anthropic, a startup in which Amazon has invested $8 billion [4] - The new data center is expected to enhance Amazon's position in the competitive AI cloud services market, especially as Anthropic plans to utilize 1 million of Amazon's custom Trainium2 chips by the end of 2025 [4] - Amazon's efforts to strengthen its AI capabilities come in response to significant cloud partnerships formed by competitors, including a multi-billion dollar deal between Anthropic and Google, as well as substantial agreements between Meta and other cloud providers [5]

By Greg Bensinger and Deborah Mary Sophia (Reuters) -Amazon's cloud revenue rose at the fastest clip in nearly three years, helping the company forecast quarterly sales above estimates and driving its shares up 14% in after-market trading. The company projected increased capital spending next year. The online retailer benefited as businesses continue to spend relentlessly on artificial intelligence software development. Massive cloud ​demand is helping the tech company ease the pressure from softer grow ...

Amazon.com forecast quarterly revenue largely below Wall Street estimates on Thursday, hurt by a weaker retail business as strong demand for its cloud services as businesses continue to spend relentle... ...