Wall Street Analysts Confident in Amazon's AI Strategy After AWS Performance
Wall Street analysts are expressing confidence in Amazon's artificial intelligence strategy, citing the strong performance of its Amazon Web Services (AWS) division. This positive outlook is reflected in various analyst calls for major tech companies.
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Microsoft CEO Satya Nadella Fortune via Reuters Connect A version of this story originally appeared in the BI Tech Memo newsletter. Sign up for the weekly BI Tech Memo newsletter here. For several years, Big Tech has operated under a simple rule: spend more on AI, or investors will assume you're falling behind. This earnings season, that rule may have changed. Even a year ago, if one of the cloud giants had merely held its AI spending plans steady while rivals kept increasing theirs, Wall S...
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