Will Amazon CEO Andy Jassy's $200 Billion AI Bet Pay Off on July 30?
Amazon has a lot to live up to when it reports second-quarter results.
Overview
Amazon (NASDAQ: AMZN) CEO Andy Jassy created a stir earlier this year when he announced that Amazon would spend $200 billion building out for artificial intelligence (AI).
As the AI landscape continues to change quickly, the market has been concerned about the cloud giants' ability to ever recoup their spend, and Amazon stock plunged after the announcement. It has since gained back some of its losses, but it's roughly flat year to date, well behind the S&P 500 and many of its peers.
Details
Now, investors are gearing up to hear Amazon's latest update when it reports second-quarter earnings on July 30, and I think they are in for some good news.
Source
Originally published at www.fool.com.
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