Amazon Prepares for High Stakes Earnings Call Amid Massive Tech Spending
Key Points: Amazon will share its first-quarter earnings this Wednesday alongside massive tech rivals like Google and Microsoft. The company plans to spend $200 billion on artificial intelligence infrastructure this year alone. High gas prices pose a major problem for the shipping industry, potentially costing companies billions. Analysts expect Amazon to report $177.2 billion in total revenue and strong growth in its cloud computing division....