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0 -5.56452061654382E-05 -5.56452061654382E-05 -5.56452061654382E-05 -0.000278226030827507 -0.000278226030827507 0.000445161649323822 0.000862500695565083
Stock impact report

Why Amazon Stock Was Moving Higher Today [Yahoo! Finance]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) seemed to lead investors to believe that Amazon will report similar strength in its cloud unit when it reports first-quarter earnings next Tuesday. Both of its Magnificent Seven peers also reported strong overall results, sending tech stocks up broadly today, and stoking enthusiasm for Amazon's update next week. As a result, Amazon stock was up 3.4% at the close on Friday. A good quarter for AI and the cloud While Amazon's cloud infrastructure business, Amazon Web Services (AWS), competes with Google Cloud and Microsoft Azure, investors seem to believe that a rising tide in cloud infrastructure spending will benefit AWS. Microsoft reported impressive 31% revenue growth in Azure in its most recent quarter, and management noted that more than 65% of the Fortune 500 is now using its Azure OpenAI service as artificial intelligence (AI) helps drive cloud spending. At Alphabet, meanwhile, Google revenue jumped 28% and profitability ramped Show less Read more
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