Amazon (AMZN) / Jeff Bezos

[winston]

not vested

Amazon.com, Inc. (AMZN) – Tuesday, April 30

The internet retail giant reported first-quarter earnings of $0.98 per share, topping analysts’ estimates for earnings of $0.83 per share.

Revenue rose 12.5% year-over-year to $143.31 billion, up from revenue of $142.55 billion last year.

Its cloud computing segment, Amazon Web Services (AWS), increased sales by 17% year-over-year to $25.0 billion.

Amazon has also been jockeying for position in the AI space as it races to launch new AI-powered services to businesses and individual users.

Company management said it expects spending to support the growth of AWS to “meaningfully” increase this year from nearly $50 billion in 2023.

AWS and NVIDIA extended their collaboration to make AWS the best place to run NVIDIA’s GPUs (graphics processing unit), which will help to unlock AWS’s AI capabilities.

And in March, Amazon increased its investment in the AI startup Anthropic by another $2.75 billion. That brings its investment a total of $4 billion.

Amazon also increased its revenue guidance for next quarter, projecting between $144 billion and $149 billion in revenue.

Shares of Amazon rallied more than 5% in the wake of the strong earnings results and positive revenue guidance.

Source: Investor Place

[behappyalways]

Amazon To Supercharge Alexa With Subscription-Based AI Overhaul
https://www.zerohedge.com/political/ama ... i-overhaul


Amazon ruined the name Alexa
https://x.com/Mayhem4Markets/status/1793254082351669319

[behappyalways]

Bezos to sell US$5 bil of Amazon as shares hit record high
https://www.theedgesingapore.com/news/m ... ecord-high

[behappyalways]

*AMAZON’S BEZOS SELLS $863.5 MILLION OF SHARES
https://x.com/zerohedge/status/1810772290923286607

[behappyalways]

Amazon Prime Day: Growth Has Slowed
https://www.zerohedge.com/personal-fina ... has-slowed

[behappyalways]

Amazon Will Reportedly Start Charging $10 A Month For Premium Alexa AI Features
https://www.zerohedge.com/markets/amazo ... i-features

[winston]

not vested

Amazon reported weaker-than-expected revenue for the second quarter on Thursday and issued a disappointing forecast for the current period.

The shares slid as much as 6% in extended trading.

Net income at Amazon doubled from a year earlier to $13.5 billion, or $1.26 a share, from $6.75 billion, or 65 cents a share, reflecting mass cost-cutting efforts across the company.

The company posted revenue of $148 billion, a 10% increase that fell slightly below analyst expectations of $148.56 billion.

Sales in its online stores segment grew just 5% year over year.

In cloud, AWS beat estimates, growing 19% from a year earlier, but the unit is expanding at a slower rate than rivals Microsoft and Google.

Amazon forecast revenue in the current quarter to be between $154 billion and $158.5 billion, representing growth of 8% to 11% year over year.

Source: Phillips

[winston]

vested

Amazon shares tumble on slowing online sales growth

Reported slowing online sales growth in the second quarter and said consumers were seeking out cheaper options for purchases.

Amazon's online stores sales rose 5% in the second quarter to $55.4 billion, compared with growth of 7% in the first quarter.

Revenue at Amazon Web Services, its cloud unit, rose a better-than-expected 19% to $26.3 billion.

Source: Reuters

https://www.thestar.com.my/business/bus ... les-growth

[winston]

vested

Amazon, the sum of small annoyances

By Kevin Smith

It warned against slowing sales growth due to consumer reluctance.

It's well known that online sales are far from being the group's cash cow but a slowdown in large-scale commerce is nonetheless bad news.

At the same time, Amazon is pulling out all the stops to invest in artificial intelligence, which is weighing on the accounts.

Despite cautious consumer spending, advertising is still very dynamic.

Three black spots that explain the stock's decline
1. Lower-than-expected Q3 sales projections, linked to consumer spending.
2. AWS backlog growth normalizing, but still high (+19% year-on-year).
3. Increased investment in the second half of the year, particularly in AI.

The consumer is less frisky and the presumed benefits of AI, are slow to materialize, at least in the short term.

Source: Market Screener

https://www.marketscreener.com/news/lat ... -47541860/

[winston]

vested

Amazon.com Inc (AMZN US) - Strong profitability growth with long-term AI demand intact

Amazon holds a leading position in the e-commerce industry, possessing unrivalled scale in its operations.

It operates through three segments: North America, International, and AWS.

Amazon has established itself in consumers' minds through its reputation for low prices and an unparalleled selection of choices, resulting in intangible assets such as strong branding and technology, including search capabilities and recommendation engines.

Amazon not only manufactures and sells electronic devices, including Kindle, Fire Tablet, Fire TV, Echo, but also develops and produces media content.

Furthermore, Amazon offers AWS to developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through a wide range of on-demand technology services, including compute, storage, database, analytics, machine learning, and other services. BUY.

Source: OCBC