Previous close | 7.0500 |
Open | 5.0300 |
Bid | 4.2000 |
Ask | 4.6000 |
Strike | 175.00 |
Expiry date | 2025-01-17 |
Day's range | 4.5000 - 5.4000 |
Contract range | N/A |
Volume | |
Open interest | 1.46k |
Amazon's (NASDAQ: AMZN) cloud-computing business is a monster. Amazon Web Services (AWS) scoops up around one-third of global spending on infrastructure-as-a-service and platform-as-a-service, and it's become a mission critical provider to many of its customers. Free from managing their own servers, AWS customers can scale their infrastructure quickly and painlessly.
Amazon's net sales grew by 9% year over year to $149.2 billion in the fourth quarter. AWS's revenue rose 20% to $21.4 billion. "Starting back in the middle of the third quarter of 2022, we saw our year-over-year growth rates slow as enterprises of all sizes evaluated ways to optimize their cloud spending in response to the tough macroeconomic conditions," Chief Financial Officer Brian Olsavsky said during a conference call with analysts.
U.S. stocks tumbled Friday after government employment data showed more than half a million jobs were added in January — throwing a wrench in hopes for a pause on rate increases — while subpar earnings results from Big Tech giants weighed on investor sentiment.