The 3 things benefitting the tech giant

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The 3 things benefitting the tech giant

T. Rowe Price Science and Technology equity strategy portfolio manager Tony Wang joins Catalysts to discuss

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’s (AMZN) latest earnings results and share his

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on the tech giant’s artificial intelligence (AI) ventures moving forward.

Wang highlights three key factors boosting

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’s

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: retail margins are improving with e-commerce and a healthier consumer,

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Web Services (AWS) continues to grow and outperform, and the company’s advertising business is booming.

“When you have those three things all working well, I think that this sets up well for the longer term,” he explains, emphasizing his focus on the company’s cost-saving measures for consumers and its advancements in AI chips and robotics.

Regarding

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’s AI potential, Wang adds, “When you think about what you need to win in AI, it’s probably scale, compute, AI talent, a large customer base, [and] a lot of data. And there are a lot of ways that

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’s well-positioned.”

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

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#benefitting #tech #giant

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