Amazon's recent quarterly earnings show a promising rise in revenue, surpassing analyst expectations, particularly supported by its growing cloud computing and advertising sectors.
With $158.9bn in revenue and $1.43 EPS beating predictions, Amazon's quarterly performance reflects accelerated growth, specifically in its cloud and advertising businesses.
Wedbush analyst Dan Ives emphasized that the upcoming weeks are crucial to confirm the beginning of AI monetization in the enterprise sector.
Amazon remains optimistic as its traditional retail business shows resilience, alongside strong growth in cloud computing, suggesting a healthy economic adjustment for consumers.
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