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Bloomberg Tech

Amazon's Cloud Sales Win, AMD's Disappointing AI Chip Forecast

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 1 May 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down Amazon's earnings after the company posted its biggest cloud sales growth in a year on AI demand. Plus, AMD fell after its AI chip forecast disappointed Wall Street, and Pinterest's CEO joins for an exclusive interview as the company's revenue surged.

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Transcript

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0:00.0

Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental

0:06.2

leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th.

0:12.8

Title sponsor Amazon, Official Airline, Alaska Airlines.

0:17.6

Supporting sponsor, Providence.

0:19.9

Contributing sponsor, Wareyerhauser.

0:22.6

Get 40% off using promo code Radio 40

0:26.0

at Bloomberg Live.com slash Green Festival.

0:31.3

From the heart of where innovation, money and power collide in Silicon Valley and beyond,

0:37.0

this is Bloomberg Technology with Caroline Hyde and Edna at Luddler. I'm Caroline Hyde of Bloomberg's world headquarters in New York.

0:57.0

And I'm Ed Ludlow in San Francisco. This is Bloomberg Technology.

1:01.0

Coming up, Amazon, it posts a biggest cloud sales growth in a year. That's all on

1:06.2

AI demand. Details to come. Plus full chip coverage ahead is AMD falls after its AI chip

1:12.1

forecast disappoints.

1:13.9

And we sit down with a CEO of Pinterest

1:16.4

for an exclusive interview as that revenue surges.

1:19.7

But first, let's check in on the rest of these markets.

1:21.8

And actually a little bit of nervous

1:23.7

shall we say ahead of the Fed all important 2 PM 2 30 is when of course J Powell

1:28.6

comes forward with his press conference we're down about a tenth of percent but

1:31.4

bouncing off of our lows,

1:33.0

but of course more broadly the technology drag lower by some of those earnings and the

1:36.4

chip names and the reader cross we're down by 2.5 percent, let's call it, on the socks.

...

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