Amazon.com (NASDAQ: AMZN) is under pressure to meet high expectations for its cloud computing division, Amazon Web Services (AWS), as it prepares to release its fourth-quarter results. This comes after competitors Microsoft and Google reported slower cloud growth due to substantial AI investment costs. AWS, the leading cloud service provider, is anticipated to report a 19.3% revenue increase, marking its strongest growth in eight quarters. Analysts suggest that AWS’s focus on cost-effective AI technology and reduced reliance on expensive large-language models may position it favorably compared to its rivals.
As of the latest trading session, Amazon’s stock is priced at $236.55, reflecting a 2.28% decrease from the previous close. The day’s trading range spanned from a low of $235.20 to a high of $239.50.
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About Amazon.com Inc.
Amazon.com Inc. is a multinational technology company focusing on e-commerce, cloud computing, digital streaming, and artificial intelligence. Founded in 1994 and headquartered in Seattle, Washington, Amazon is one of the world’s largest retailers and cloud service providers. Its Amazon Web Services division offers a comprehensive suite of cloud computing services, powering businesses globally. The company is committed to innovation and customer-centric solutions across its diverse range of services.
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