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Stockreport

Amazon, Microsoft, and Alphabet are doubling down on AI for the cloud — and it seems to be paying off [Business Insider]

Amazon.com, Inc. (AMZN)  More Company Research Source: Business Insider
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
These cloud providers see AI as a key growth opportunity despite concerns around hype. Some of the biggest tech companies are spending big on AI, which appears to be boding well for their cloud businesses. Over the last two weeks, major cloud providers Amazon, Microsoft, and Alphabet have reported quarterly earnings that exceeded Wall Street's expectations. That's partly because their investments in AI appeared to have bolstered revenue in their cloud divisions, which are made up of data servers that customers use to power and train their AI models. Amazon, Microsoft, and Alphabet's shares also climbed after earnings were reported, evidence that doubling down on their AI strategies seems to be paying off. "AI contributed to an acceleration of growth at those companies' cloud businesses," D.A. Davidson Companies analyst Gil Luria told Business Insider regarding Amazon, Microsoft, and Alphabet. "These three hyperscalers are seeing significant customer demand and are investing to [Read more]

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Stockreport

Amazon, Microsoft, and Alphabet are doubling down on AI for the cloud — and it seems to be paying off [Business Insider]

Amazon.com, Inc.  (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
These cloud providers see AI as a key growth opportunity despite concerns around hype. Some of the biggest tech companies are spending big on AI, which appears to be boding well for their cloud businesses. Over the last two weeks, major cloud providers Amazon, Microsoft, and Alphabet have reported quarterly earnings that exceeded Wall Street's expectations. That's partly because their investments in AI appeared to have bolstered revenue in their cloud divisions, which are made up of data servers that customers use to power and train their AI models. Amazon, Microsoft, and Alphabet's shares also climbed after earnings were reported, evidence that doubling down on their AI strategies seems to be paying off. "AI contributed to an acceleration of growth at those companies' cloud businesses," D.A. Davidson Companies analyst Gil Luria told Business Insider regarding Amazon, Microsoft, and Alphabet. "These three hyperscalers are seeing significant customer demand and are investing to [Read more]

IMPACT SNAPSHOT
EVENT TIME:
AMZN
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS