The December quarter earnings season for the “Magnificent 7” has been mixed. Tesla closed in the red, Apple was flat, and Microsoft saw a significant dip. Meta Platforms stood out with strong Q4 earnings. Amazon is set to report after Alphabet, with analysts expecting revenues of $211.2 billion and an EPS of $1.98 for Q4. AI capex, AWS growth, and the commercialization of AI chips are key areas to watch during Amazon’s earnings call. Sell-side analysts are optimistic about Amazon, with a consensus “Strong Buy” rating and a mean target price of $297.67. Amazon has multiple growth drivers in e-commerce, AWS, and grocery. Markets are cautious ahead of Amazon’s earnings, but management’s comments on AI growth could drive a post-earnings rise.

Read more at Yahoo Finance: What To Watch When AMZN Reports on February 5