This Is Massive News for Amazon Stock Investors

Motley Fool
2024.05.19 09:38
portai
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Amazon's latest earnings report shows significant growth in sales and net income, thanks to its efforts to boost efficiency and dominate in e-commerce and cloud computing. The biggest victory of the quarter came from Amazon Web Services (AWS), with a 17% increase in net sales and 84% increase in operating income. AWS achieved a $100 billion annual revenue run rate, highlighting the potential for growth in the AI market. This news makes Amazon shares a worthwhile investment, as the company's monetization of AI is just beginning.