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Benzinga

Business

Anusuya Lahiri

Amazon's AI-Powered AWS, Efficiency Gains, And Consumer Demand Fuel Bullish Q2 Outlook

Amazon AWS Justin Post Amazon.com Inc. Amazon Web Services Nasdaq United States

Amazon

Amazon.com (NASDAQ:AMZN) is poised to potentially outperform market expectations in its July 31 second-quarter earnings report, driven by a combination of robust U.S. retail sales, advantageous foreign exchange rates, and accelerating demand for its artificial intelligence-related services through Amazon Web Services (AWS).

Strong consumer spending and ongoing efficiency gains in its e-commerce operations are also contributing to a positive outlook for the tech giant. Reinforcing this positive sentiment, Bank of America Securities analyst Justin Post maintained Amazon.com (NASDAQ:AMZN) with a Buy rating and raised the price forecast from $248 to $265.

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