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Amazon's Chart Offers Clues Before Tuesday's Q1 Earnings Reveal

Amazon.com Inc (NASDAQ:AMZN), will be reporting its first-quarter earnings on Tuesday. Wall Street expects 78 cents in EPS and $133.1 billion in revenues as the company reports after market hours. Amazon stock has been buoyed by the company’s strong positioning in AI, cloud computing, and e-commerce. The stock has been on an upward trajectory, gaining 71.10% over the past year and showing a positive trend of 18.22% YTD. Key Factors To Watch As Amazon Reports Q1 Earnings As Amazon prepares to report its Q1 earnings, investors are keenly watching several key factors. The performance of Amazon Web Services (AWS) and its progress in AI development. Market-share gains in digital advertising The impact of recent price increases on third-party sellers’ results These will be significant indicators of Amazon’s growth potential. One of the primary focuses for investors is profitability. Amazon’s efforts to improve margins and operational efficiency will be closely monitored, especially as the company aims to become more efficient and profitable in 2024. Amazon’s ...