Amazon surpassed Wall Street forecasts with revenue of $181.5 billion in the March quarter, up 17% from the year earlier. CEO Andy Jassy noted Project Hail Mary‘s nearly $615 million at the box office to date among the company’s achievements for the three months.

OpenAI, Anthropic and Meta Platforms are just a few of the companies relying on Amazon for support.

Live Updates Check Out Our Live Video Reacting to Amazon's Q1 Earnings Report Pinned 1 hour ago Live Want to watch our team break down earnings from Alphabet, Amazon, Meta Platforms, Microsoft (and more) tonight?

Amazon reported first-quarter results that beat Wall Street's expectations. Revenue in its cloud computing segment expanded 28% year over year, topping analysts' estimates. The company will host a conference call with investors at 5:30 p.

Earlier, on April 23, UBS analyst Stephen Ju raised the price target on Amazon.com, Inc. (NASDAQ:AMZN) by $3 to $304 and reiterated a Buy rating. The firm noted the momentum driven by recent deals with Anthropic and OpenAI,

Amazon and Anthropic are even more tied at the hip as both seek supremacy in the race to build out artificial intelligence infrastructure.

On Wednesday, the artificial-intelligence trade will approach a key checkpoint, just as Jerome Powell weighs in on a sticky inflation landscape while presiding over his last Federal Reserve policy meeting as chair of the U.S. central bank. In a never ...