Amazon (AMZN) The stock rose in extended trading hours after its first-quarter results tops Wall Street estimates.
Arun Sundaram, senior equity research analyst at CFRA Research, attributes this success to innovations in Amazon’s e-commerce division, which led to improved retail margins, as well as AWS’s position as a powerhouse among other cloud computing competitors.
He also highlights the company’s artificial intelligence initiatives, saying Julie Hyman And Josh Lipton that Amazon has a “very compelling stack of generative AI products and services” that are reflected in its stock price.
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This article was written by Mélanie Riehl
