Amazon's Q1 blew past expectations on both the top and bottom lines. The strong showing was fueled in part by a nearly 30% increase in revenues from Amazon Web Services. The growth in Web Services validates the massive investments being undertaken by Amazon in its new data centers.
The S&P 500 (^GSPC) is off to the races this morning, up 0.50% thanks to tailwinds from mega-cap earnings beats and a sharp pullback in oil prices, even as the Fed's preferred inflation gauge ran hotter than expected.
Amazon.com, Inc. remains the dominant e-commerce player, with AWS driving significant growth in its cloud business. My Strong Buy upgrade was based on the market underestimating AWS's ability to rapidly monetize the AI boom. AMZN shares have surged roughly 30% since my last note, outperforming the S&P 500 as investors recognize AWS's AI-driven earnings power.
Amazon.com, Inc. (NASDAQ:AMZN) shares are trading higher Thursday. The company reported first-quarter financial results on Wednesday after the market closed.
US stocks are expected to rise on Thursday, as investor confidence was boosted by a well-received set of earnings from three of the four 'Magnificent Seven' tech giants, offsetting concern about a further surge in oil prices. Dow Jones futures were up 0.6%, with gains of 0.5% and 0.3% predicted for the Nasdaq and the S&P 500.
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Amazon is getting faster—and expanding in ways that could reshape how people shop. In its latest earnings call, the company revealed major growth in same-day and ultra-fast delivery, along with increasing customer engagement and a rapidly growing infrastructure business.
This AI giant's chip business is growing more than 100% year over year.
Amazon delivered 17% YoY revenue growth in Q1, with a robust beat on revenue, EPS, and Q2 guidance. AMZN's high-margin segments—third-party seller services, advertising, and subscriptions—showed double-digit growth, driving operating margin expansion across regions. AWS revenue surged 28% YoY, with a $364 billion backlog supporting long-term cloud growth and continued heavy CapEx investment.