Amazon's Q1: The Massive CapEx Is Finally Paying Off
Amazon reported exceptional Q1 results with cloud revenue growing 28% year-over-year to a 150 billion annualized run rate. The company's record operating margins offset concerns about trailing free cash flow dropping amid massive capacity buildouts.
Amazon.com, Inc. reported exceptional first quarter results. Cloud revenue grew 28% year-over-year to reach a 150 billion annualized run rate. Surging enterprise artificial intelligence adoption is driving demand for custom silicon. Amazon's record operating margins offset concerns about trailing free cash flow dropping significantly amid massive capacity buildouts and satellite network expansions. The company opened its global logistics and fulfillment network to outside businesses to generate new revenue streams. Amazon secures massive defense contracts and prepares to launch commercial satellite services, remaining a strong long-term hold.
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