Amazon Cloud Growth Exceeds Expectations
Morgan Stanley analyst Brian Nowak stated on CNBC that Amazon's generative AI business is the most underappreciated winning business. He noted that Amazon's algorithms for item recommendations are improving.
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Sources · 7 independent
WLS-AM 890 Chicago
“It is the most underappreciated, generative AI winning business. Their algorithms about how to determine what items to show you what moment are getting better. Their advertising business is seeing a lot of the similar benefits that Google search or meta are seeing.”
Bloomberg Radio
“So, if you know, going into the print, everyone was thinking more like 25%. So the fact that they grew 28% was better than expected.”
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