Amazon Earnings Spotlight Shifts to Cloud Performance and AI Strategy
Amazon's third-quarter earnings report will test investor confidence in its cloud computing division as rivals Microsoft and Alphabet post record cloud revenues. Analysts project $178 billion in total revenue, with AWS growth under particular scrutiny after Q2's 17.5% expansion failed to match competitors' momentum.
The e-commerce giant's AI infrastructure investments face heightened expectations following Wednesday's strong cloud showings from tech peers. Options markets signal potential for Amazon shares to challenge February's all-time highs if results exceed forecasts.