Can Amazon continue to beat ‘The Street’?
Tech earnings got off the ground this week but it is over the coming week when the real heavy-hitters report, and few will be as eagerly watched as Amazon (AMZN:NASDAQ) on 25 April.
Coming just a couple of weeks after breaking its share-price ceiling to set a new all-time high ($189.05 on 11 April), can the retail-cum-cloud computing colossus deliver in the first quarter of 2024?
The bar is set high after the firm beat earnings and revenue forecasts in Q4 2023, the third straight quarterly beat on both lines, partly thanks to strategic cost-cutting but more due to cloud computing arm AWS’s growth acceleration as clients adopt AI (artificial intelligence) tools.
Chief executive Andy Jassy has previously flagged the tech giant’s approach to generative AI, which he described as Amazon’s potential next pillar of growth. He, like many tech execs, sees generative AI as potentially the largest technology transformation since the cloud and the internet.
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Issue contents
Danni Hewson
Feature
Great Ideas
News
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- Can Amazon continue to beat ‘The Street’?
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