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2024 is off to the races, with the S&P 500 (SPY) making a new all-time high. After a brief dip to open the year, the index has gained ~ 1.5% year to date (YTD). Amazon (NASDAQ:AMZN) stock followed a similar pattern and has gained a little over 2%. The company will report Q4 and full-year earnings on February 1st after the market closes. You’ll be able to listen to the conference call here.
Here are some things to watch this year.
Will AWS growth accelerate?
Here are three reasons for optimism.
Artificial intelligence (AI) could be a massive growth driver for Amazon Web Services (AWS), and I’ll cover it below. Still, there is another reason I am optimistic that growth will accelerate in 2024: New budgets.
Many (probably a vast majority) of us expected a recession in 2023 that never materialized. This includes businesses that use cloud data. Much of AWS’s revenue functions like a…
