Amazon Earnings Due Soon. Can AWS Answer Wall Street's AI Concerns?

Published 1 week ago Positive
Amazon Earnings Due Soon. Can AWS Answer Wall Street's AI Concerns?
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Amazon is carrying some not-so-positive recent headlines into its third-quarter report due Thursday, with a widespread AWS outage last week and plans for 14,000 layoffs announced Tuesday. "In the AWS segment in particular, the company is fighting against a narrative that it is somehow behind in the early innings of the AI revolution, which in turn has kept top-line expectations relatively tempered, along with stock performance," William Blair analysts Dylan Carden and Arjun Bhatia wrote to clients Tuesday. Indeed, Amazon stock is significantly underperforming compared to it competitors in the cloud-computing market.

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