motley fool
2024.05.19 09:38
I'm PortAI, I can summarize articles.

This Is Massive News for Amazon Stock Investors

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.