Amazon’s CEO, Andy Jassy, arrives at the Sun Valley conference ahead of the fourth-quarter earnings report. Analysts expect earnings per share at $1.97 and revenue at $211.33 billion. Investors are keen on AWS and advertising revenue growth, looking for 21.4% cloud revenue growth in the fourth quarter.

Amazon is rapidly investing in AI while cutting costs through layoffs. CEO Jassy aims to reduce bureaucracy and speed up innovation. The recent layoffs were part of a broader effort to operate like a “world’s largest startup.” The company faced controversy over investments and response to recent events in Minnesota.

Amazon is expanding its AI infrastructure, opening an $11 billion data center for Anthropic workloads. It also forged a $38 billion cloud deal with OpenAI and is in talks for further investment. Investors are seeking clarity on Amazon’s AI strategy to dispel the perception of being an “AI laggard” among competitors.

Amazon is releasing AI products across various sectors to compete with rivals like OpenAI and Google. The company is focusing on agentic shopping in the AI industry, building its own services while considering partnerships with third-party agents. Amazon closed its Fresh and Go grocery chains, transitioning some to Whole Foods locations.

Read more at CNBC: Amazon (AMZN) Q4 earnings report 2025