Zacks.com has released a list of stocks featured in the Analyst Blog, including Amazon, Microsoft, Alphabet, and Salesforce. Amazon’s cloud computing arm, Amazon Web Services (AWS), has seen strong customer momentum, leading to a 20.4% increase in Amazon’s shares this year. The recent partnership of NinjaTech AI with AWS showcases the company’s commitment to innovative cloud products and services. By utilizing AWS cloud solutions, NinjaTech AI has been able to develop a powerful AI agent named Ninja.
AWS’s portfolio has been strengthened with the introduction of Trainium and Inferentia2 chips, as well as Amazon Bedrock innovations. These enhancements are expected to drive customer momentum and revenue growth for AWS in the near and long term. In the first quarter of 2024, AWS sales increased 17% year over year to $25.04 billion, boosting Amazon’s financial performance.
Amazon’s dominance in the cloud computing market gives it a competitive edge over rivals like Microsoft and Google. Microsoft’s Azure remains strong in the Intelligent Cloud business, with a focus on generative AI and AI Copilot. Google Cloud, a key catalyst for Alphabet’s growth, is benefiting from its generative AI capabilities and expanding infrastructure.
While Amazon currently holds a Zacks Rank #3 (Hold), Salesforce stands out with a Zacks Rank #2 (Buy) in the technology sector. Salesforce has shown a long-term earnings growth rate of 17.45%. Zacks Investment Research offers free stock analysis reports and top stock picks for investors.
Overall, Amazon’s strategic partnerships and focus on cloud computing innovations are driving its growth and competitive position in the market. With a strong portfolio of AI solutions and continued revenue growth from AWS, Amazon remains a key player in the tech industry.
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https://finance.yahoo.com/news/zacks-analyst-blog-highlights-amazon-134200761.html
