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Amazon (AMZN) is set to release its fourth-quarter (Q4) earnings on Thursday, Feb. 6, after market close. Thanks to consistently strong financial performance and presence in high-growth sectors such as cloud computing, digital advertising, e-commerce, and artificial intelligence (AI), AMZN stock has gained about 20% over the past three months.
Amazon’s cloud business, Amazon Web Services (AWS), continues to dominate the cloud market, contributing significantly to revenue growth. Its advertising business is also thriving, adding a steady stream of high-margin revenue. These factors have driven AMZN stock higher. Furthermore, Amazon’s investments in AI technology provide a strong foundation for long-term growth.