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Instant Reaction: Amazon Reports Strong Cloud Unit Sales on Rising AI Demand

Instant Reaction: Amazon Reports Strong Cloud Unit Sales on Rising AI Demand

FromBloomberg Daybreak: US Edition


Instant Reaction: Amazon Reports Strong Cloud Unit Sales on Rising AI Demand

FromBloomberg Daybreak: US Edition

ratings:
Length:
17 minutes
Released:
Apr 30, 2024
Format:
Podcast episode

Description

Amazon's cloud unit posted the strongest sales growth in a year, a sign that the retailer’s most profitable unit is recovering from a slump as businesses resume spending on technology projects. The shares rose in extended trading.
Bloomberg TV and Radio hosts Carol Massar and Tim Stenovec speak with Bloomberg Intelligence Senior Analyst for E-Commerce Poonam Goyal and Bloomberg Intelligence Senior Technology Analyst Anurag Rana for instant reaction and analysis.  See omnystudio.com/listener for privacy information.
Released:
Apr 30, 2024
Format:
Podcast episode

Titles in the series (100)

Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries.