Amazon: The 3 things benefitting the tech giant

T. Rowe Price Science and Technology equity strategy portfolio manager Tony Wang joins Catalysts to discuss Amazon’s (AMZN) latest earnings results and share his outlook on the tech giant’s artificial intelligence (AI) ventures moving forward. Wang highlights three key factors boosting Amazon’s outlook: retail margins are improving with e-commerce and a healthier consumer, Amazon Web Services (AWS) continues to grow and outperform, and the company’s advertising business is booming. “When you have those three things all working well, I think that this sets up well for the longer term,” he explains, emphasizing his focus on the company’s cost-saving measures for consumers and its advancements in AI chips and robotics. Regarding Amazon’s AI potential, Wang adds, “When you think about what you need to win in AI, it’s probably scale, compute, AI talent, a large customer base, [and] a lot of data. And there are a lot of ways that Amazon’s well-positioned.” To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel SmithRead More