You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Isnin Oct 30 2023 12:17
4 min.
Amazon shares surged by over 8% on Friday, after the company beat market expectations in its earnings report on Thursday. The AMZN share price was further supported by bullish comments around the company’s forays into artificial intelligence.
During the earnings call, CEO Andy Jassy emphasized the enormous potential of AI, stating that it represents an opportunity worth "tens of billions" for Amazon's cloud business, Amazon Web Services (AWS). AWS recently introduced its Bedrock AI service, which simplifies the development of large language models.
“Our generative AI business is growing very, very quickly”, Jassy said on the call.
In September, Amazon invested $1.25 billion in Anthropic, a competitor of Microsoft-backed AI startup OpenAI. The investment could go up to $4 billion over time, as per a report by Yahoo Finance reporter Alexandra Garfinkle.
Kira P/L andaian anda (kos dan caj teragregat) jika anda membuka perdagangan hari ini.
Pasaran
Instrumen
Jenis Akaun
Arah
Kuantiti
Amaun mestilah sama dengan atau lebih tinggi daripada
Amaun hendaklah kurang daripada
Amaun hendaklah gandaan kenaikan minimum lot
USD
EUR
GBP
CAD
AUD
CHF
ZAR
MXN
JPY
Nilai
Komisen
Sebaran nilai
Leveraj
Yuran Penukaran
Margin Diperlukan
Pertukaran Semalaman
Prestasi masa lalu bukan petunjuk yang boleh dipercayai tentang hasil masa hadapan.
Semua kedudukan pada instrumen yang berdenominasi dalam mata wang yang berbeza daripada mata wang akaun anda adalah tertakluk kepada yuran penukaran pada keluar kedudukan juga.
AI has the potential to drive the growth that AWS is seeking. In Q3 2023, the division fell slightly short of analysts' expectations for net sales, recording $23.06 billion compared to the $23.13 billion anticipated by Wall Street.
However, there were positive aspects to the report, with AWS sales showing a 12% year-over-year increase, with the division's operating income also seeing an upswing, reaching $7 billion — roughly a 29% rise from the previous year. Jefferies analyst Brent Thill mentioned that the 12% growth was "sufficient to maintain positive performance."
Jassy’s comments are notable given this week’s results in the cloud industry. On Tuesday, Microsoft reported better-than-expected growth in its Azure cloud business, while Alphabet's cloud growth figures disappointed.
AWS growth has been under close scrutiny this year. The subject has been "getting the most airtime with investors," Yahoo Finance cited JPMorgan's Doug Anmuth as saying before the earnings report.
Amazon reported the following key figures, as compared to Bloomberg analysts' estimates:
Amazon stock is currently rated as a Strong Buy, based on 43 analysts surveyed by industry website TipRanks. According to the website, the consensus AMZN stock price stands at $175.81 — a potential 35.79% upside. 42 analysts rated the stock as a Buy, with only one assigning it a Hold.
Analysts surveyed by Yahoo Finance indicate 63 Buys, two Holds, and zero Sells.
According to a comment from Wedbush analyst Scott Devitt issued before the earnings call, Amazon’s operating margins could provide some insight into the firm’s share price returns:
"We analyzed ten years of historical data and identified all periods when Amazon’s operating margin either increased or decreased on a basis for two or more consecutive quarters. We then compared share price returns during those periods, and found that on average, Amazon shares have appreciated 84% when operating margins are rising versus just 1% when operating margins are declining."
At the time of writing on Friday, Amazon stock was trading at $129.34, up close to $10 and 8.23% on the day, as per MarketWatch data.
Risk Warning and Disclaimer: This article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform. Trading Contracts for Difference (CFDs) involves high leverage and significant risks. Before making any trading decisions, we recommend consulting a professional financial advisor to assess your financial situation and risk tolerance. Any trading decisions based on this article are at your own risk.
Terkini
Lihat semuaSabtu, 25 Oktober 2025
3 min.
Jumaat, 24 Oktober 2025
4 min.
Jumaat, 24 Oktober 2025
3 min.
MS
