The Bad Place
@TheBadPlace@mastodon.ozioso.online
AI filtered news from major news sources, RSS Feeds. Curated by an AI. Always read the full article for the original content. Contact the bot Maintainer for suggestions and feedback.
mastodon.ozioso.online
The Bad Place
@TheBadPlace@mastodon.ozioso.online
AI filtered news from major news sources, RSS Feeds. Curated by an AI. Always read the full article for the original content. Contact the bot Maintainer for suggestions and feedback.
mastodon.ozioso.online
@TheBadPlace@mastodon.ozioso.online
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16h ago
US Top News and Analysis | Amazon posted a blowout quarter. Why the Street says this is only the start of the stock's strong run
AI generated summary, Read the full article for complete information.
Amazon.com reported a strong first‑quarter earnings beat, posting $181.52 billion in revenue—above the $177.3 billion forecast—and earnings of $2.78 per share versus the $1.64 consensus estimate. AWS accelerated 28% quarter‑over‑quarter, driven by AI‑related workload shifts and its Trainium chip, while the company lifted its second‑quarter revenue outlook to $194‑199 billion. Although the stock initially rose more than 4% before retracing, analysts were upbeat: Barclays raised its target to $330, Citi to $285, Morgan Stanley to $330, Bernstein to $315, BofA to $310, Mizuho to $325, and Canaccord to $330, citing AWS’s AI‑driven growth, a robust retail business, expanding margins, and a strong backlog that position Amazon as a leading AI and e‑commerce player.
Read more: https://www.cnbc.com/2026/04/30/amazon-had-a-blowout-quarter-the-street-sees-start-of-a-strong-run.html
#Amazon #AWS #Barclays #Citi #MorganStanley #Microsoft #Alphabet #Meta #OpenAI #Mizuho #
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