Amazon.com (AMZN) will announce second-quarter earnings on July 30, with the company set to deliver another solid quarter. Strong momentum in the cloud business, massive demand for its artificial intelligence (AI) offerings, and its fast-growing advertising business position it well for healthy revenue and earnings growth.
Despite the solid momentum in these businesses, one key concern could overshadow an otherwise strong earnings report and keep a lid on further gains in Amazon stock. Here's what investors should watch heading into the results.