Reported 3 months ago
As major tech firms, including Amazon and Microsoft, prepare to report earnings, analysts are focused on how their AI investments will influence revenues. Neuberger Berman's Daniel Flax emphasizes the significance of cloud infrastructure buildout alongside AI, predicting strong growth for services like Azure and Amazon Web Services. While he acknowledges that generating revenue from AI will take time, he believes that these investments are crucial for the long-term health and profitability of these companies.
Source: YAHOO