Amazon previously said it is seeing a decrease in growth in AWS as business clients reallocated their spending to reduce costs.
Investors are also looking to see how Amazon's advertising business intersects with more language models and generative AI.
The company's advertising business was seeing "robust growth" due to its machine learning investment, Chief Executive Andy Jassy said in the first-quarter earnings call.
Net sales of Amazon's advertising business in the first quarter were $9.51 billion.
Amazon's first-quarter operating income was $4.77 billion a 74.4%% increase from $2.74 billion in the fourth-quarter and a 30.1% increase from last year.
Persons:
Tom Forte, Forte, Brian Olsavsky, Andy Jassy, Arun Sundaram, China's Temu, Sundaram, Amazon's, Arriana McLymore, Aurora Ellis
Organizations:
Investors, Web Services, Microsoft, Amazon, Google, Davidson Companies, YouTube, Thomson
Locations:
NY, Refinitiv, Singapore, United States, New York City