Key Points Amazon delivered better-than-expected earnings. The company's cloud business accelerated, allaying lots of fears. Its main AI bet, Anthropic, also received some good press. 10 stocks we like better than Amazon › Shares of Amazon (NASDAQ: AMZN) rallied 11.2% in October, according to data from S&P Global Market Intelligence. Amazon's stock actually struggled through most of the month, as heightened tensions between the U.S. and China caused tech investors to take some risk off the table ...

Amazon’s cloud just cleared. The company posted $180.2 billion in revenue, a $1.95 EPS, and 20% growth in Amazon Web Services (AWS) — its strongest pace in more than a year. The beats landed across the board: revenue up 13% from a year earlier, profit above expectations, and guidance for the holiday quarter steady to slightly higher. Shares jumped around 13% in after-hours trading as Wall Street recalibrated: Maybe the world’s largest retailer is also back to being one of its most formidable cloud compani ...

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]

Amazon.com Inc.'s (NASDAQ:AMZN) massive artificial intelligence push took a major step forward as its Project Rainier supercomputer, powered by nearly 500,000 Trainium2 chips, officially went live.AMZN is having a challenging session. Get the scoop here.The new Rainier system marks a turning point for Amazon Web Services, positioning it to capture a larger share of booming AI training and inference demand that could add billions in revenue growth through 2026.Bank of America Securities analyst Justin Post m ...

Amazon (AMZN) stands at the cusp of a strategic inflection point, and investors are taking notice. In a bold move, Wells Fargo just upgraded Amazon stock's rating from “Equal Weight” to “Overweight”, citing renewed confidence that Project Rainier could meaningfully accelerate Amazon Web Services (AWS) growth. At its core, Rainier represents Amazon’s bet on building proprietary AI and cloud infrastructure — a bet that, if executed well, could reshape its earnings trajectory for years to come. Rainier could ...

Amazon CEO Andy Jassy thinks companies should invest “aggressively” in AI now to reap the full financial rewards in the future.In his annual letter to Amazon shareholders published Thursday, Jassy said “substantial capital” is required to keep up with the pace of AI innovation and customer demand for AI products. He added that Amazon, too, needs to spend this money now if it hopes to see strong returns on its investment years down the line. Jassy’s comments come after Amazon announced plans during its four ...