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Amit Singh

UNBELIEVABLE: Amazon q1 earnings preview can ai aws and ads power amzn stock higher - Caught on Camera

Amazon Amazon.com Inc. AWS

Amazon (AMZN) will release its first-quarter financial results on Wednesday, April 29. AMZN stock has regained momentum ahead of earnings, rising 24% in a month. The rally in AMZN is supported by the company’s growing share in the artificial intelligence (AI) infrastructure market, cloud computing, and digital advertising.

AMZN stock got a boost after it announced that its in-house chip business is expanding rapidly. The company’s custom chips, including its Graviton processors, Trainium AI accelerators, and Nitro networking components, have collectively surpassed a $20 billion annual revenue run rate.

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