Amazon’s stock popped more than 9% on Thursday afternoon after the company reported huge growth in the third quarter, including in its cloud business, Amazon Web Services.
Amazon headed into the latest earnings report as the laggard of the Magnificent Seven this year, and investors are looking for some key updates that could spark new momentum.
Specifically, Wall Street wants to know more about its AI ambitions and how it plans to position itself against stiff competition from other Big Tech players like Microsoft and Alphabet. AWS, retail margins, and any lingering concerns over the impact of tariffs will also be on investors’ radar.
The call with analysts is scheduled for 5 p.m. ET.
