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Amazon (AMZN) is once again in the focus of investors as the company's earnings announcement on Oct. 30 may indicate whether it's possible to maintain the pace of artificial intelligence (AI) growth. AMZN stock has grown by over 20% in the past six months due to increased enthusiasm surrounding the company's integration of AI.
The wider love affair with AI and cloud infrastructure helps drive megacap tech stocks, with Amazon being at the crossover point of both. As investors prepare for earnings releases, their fixation is on AWS growth, margins, and the ability of AWS chief Andy Jassy's vision for AI to deliver on promises.