Amazon to report Q4 earnings with cloud revenue, AI spending in focus

Amazon (AMZN) is set to release quarterly results after the bell on Thursday, following a mixed showing from its Big Tech peers and a market shake-up over the emergence of Chinese AI upstart DeepSeek.

Amazon’s earnings come after cloud rivals Microsoft (MSFT) and Google (GOOG, GOOGL) missed on expectations for cloud sales in the quarter. Microsoft posted revenue of $40 billion, with Wall Street anticipating $41.1 billion, and Google reported sales of $11.9 billion. Analysts were looking…