Amazon Inc. (NASDAQ:AMZN) delivered strong FY24 Q4 results, beating expectations, though guidance was softer than expected, and AWS growth remained flat. A 19% YoY growth rate on a high base is impressive, but the market had expected more and it may take time to fully appreciate it.
AI-infused products were a key focus, and while the high CapEx spend appears justified, it remains a slight concern with $104B planned for FY25. Notably, the company provided little detail on cost savings from its internal AI use—quantifying this would help analysts better gauge the potential TAM. For more details, key highlights, and commentary, check out the high-level earnings summary.
