Amazon Prepares for Q4 Earnings Amid Tech Sector Turbulence
Financial Performance Projections
* Q4 earnings per share: $1.50 (up from $1.00 in Q4 2023)
* Revenue: $187.3 billion (up from $169.9 billion in Q4 2023)
* AWS revenue: $28.8 billion (up from $24.2 billion in Q4 2023)
* Ad revenue: $17.3 billion (up from $14.6 billion in Q4 2023)
Key Developments
* Amazon faced mixed performance from Big Tech peers, with Microsoft and Google missing cloud sales expectations.
* The rise of DeepSeek, a Chinese AI upstart, has shaken the tech market.
* Amazon is investing heavily in AI infrastructure to meet demand.
* Amazon Web Services (AWS) is expected to generate over $105 billion for the year.
* Analysts anticipate strong growth in Amazon's advertising operations.
Investor Interest
Investors are eager to hear Amazon's response to DeepSeek's success. Executives are expected to provide insights into the potential impact on the company's AI plans.
Industry Outlook
Amazon's earnings report will provide valuable insights into the health of the tech sector and the competitive landscape for cloud and AI services.