"When the company reported Q3 earnings on Oct. 30, it beat on the top and bottom lines, with EPS of $1.95 vs. an estimated $15.7, and revenue of $180.17 vs. $177.80 estimated. Meanwhile, revenue from Amazon Web Services was $33 billion and revenue from advertising was $17.7 billion. Concerns about the company's enormous AI CapEx remain, but after the Q3 earnings call, the stock was rewarded by bullish investor sentiment, hitting its first record high since February 2025."
"In October, leaked documents revealed that the company is aiming to replace around 600,000 Amazon jobs with robots, with the management team estimating that the effort could trim 30 cents off each item purchased via the e-commerce giant by 2027. In July, the company deployed its 1 millionth robot while also deploying its new AI foundation model to power its robotic fleet."
"Amazon's recently announced plan to launch a proprietary AI model with advanced reasoning capabilities is set to compete with OpenAI's ChatGPT. Scheduled for a June launch date, the model - named Nova - is intended to provide a price-efficient option over its competitors, including ChatGPT, Anthropic's Claude 3.7 Sonnet and Google's Gemini 2.0 Flash Thinking."
Shares of Amazon gained 0.50% over the past five trading sessions after a 7.59% increase the five prior, bringing year-to-date gain to 13.11% and one-year gain to 20.43%. Q3 results beat estimates with EPS of $1.95 vs. an estimated $15.7 and revenue of $180.17 vs. $177.80 estimated. AWS revenue was $33 billion and advertising revenue $17.7 billion. Concerns about large AI capital expenditures persist, yet bullish investor sentiment drove the stock to its first record high since February 2025. Leaked documents indicate plans to replace about 600,000 jobs with robots to trim 30 cents per item by 2027. The company deployed its 1 millionth robot and an AI foundation model to power the fleet. AWS and emerging segments could push operating income past $100 billion within two years. A proprietary AI model named Nova is scheduled for June to compete with ChatGPT, Anthropic's Claude 3.7 Sonnet, and Google's Gemini 2.0 Flash Thinking.
Read at 24/7 Wall St.
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