Amazon's Earnings Report Awaits Investors

Amazon (NASDAQ:AMZN), as a giant in cloud computing and online retail, is set to release its earnings report this Thursday after market close. Here’s what investors need to know.

In the last quarter, Amazon reported revenue of $167.7 billion, surpassing analysts' expectations by 3.4%, marking a 13.3% year-over-year increase. The company had a particularly strong quarter, significantly exceeding analysts' earnings per share expectations as well.

For this quarter, analysts expect Amazon's revenue to increase by 12% year-over-year to $178 billion, consistent with the 11% increase recorded in the same quarter last year. Adjusted earnings per share are forecasted to be $1.57.

Analysts following the company have generally reaffirmed their predictions over the past 30 days, indicating they expect stable revenue expectations. Amazon has only missed Wall Street's revenue forecasts once in the last two years and has consistently managed to surpass top-line expectations by an average of 1%.

Lastly, there is no doubt that artificial intelligence, which is revolutionizing the way big companies operate, could present significant opportunities for investors. While Nvidia and AMD are trading near all-time highs, lesser-known but profitable semiconductor stocks benefiting from AI are being favored.