US EditionAmazon stock dips even though earnings beat expectations with strong cloud growth
AWS revenue grew nearly 24% last quarter, but investors are weighing Amazon’s $200 billion capital spending plan and rising AI infrastructure costs.
- Amazon stock dipped on Wednesday despite hitting an all-time high, as the company prepared to report first-quarter results after the market close with revenue expectations of roughly $177 billion.
- Wall Street expects Amazon Web Services revenue to jump roughly 26% from a year ago, continuing the momentum from the fourth quarter when growth hit its fastest pace in three years.
- Amazon projected capital expenditures will reach $200 billion in 2026, more than $50 billion above analysts' expectations, while custom chips reached a $10 billion annual revenue run rate.
- Historically, shares often trade lower after earnings when investors focus on rising AI spending rather than revenue strength; however, UBS reaffirmed a bullish stance with a $304 price target.
- Following a launch on Monday, Amazon now has 270 satellites in orbit and plans to launch 32 more on Thursday as it races toward a July Federal Communications Commission deadline for its Leo service.
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8 Articles
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