Bloomberg Technology
Amazon's Cloud Sales Win, AMD's Disappointing AI Chip Forecast
May 1, 2024
Bloomberg's Caroline Hyde and Ed Ludlow discuss Amazon's strong cloud sales growth due to AI demand, contrasted with AMD's disappointing AI chip forecast. They also cover Pinterest's CEO interview and market dynamics, including tech stock fluctuations, regulatory scrutiny, and Pinterest's appeal to Gen Z users for shopping.
42:36
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Quick takeaways
- Amazon's AWS shows strong cloud sales growth driven by generative AI revenue, signaling financial impact of AI.
- AMD disappoints with AI chip sales forecast, highlighting competition with Nvidia and a slowdown in gaming performance.
Deep dives
Amazon's Strong Cloud Sales and AI Growth
Amazon's AWS unit posted its strongest cloud sales growth in a year, with the CFO revealing generative AI revenue in the billions of dollars, signaling AI's impact on financial performance.
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