Amazon Prepares Q1 Earnings with AI Focus as X-Energy Nets $1.02B IPO
Amazon will report Q1 earnings next week as analysts forecast revenue and EPS beats driven by AI monetization, cloud growth, and capex guidance. Amazon-backed X-Energy raised $1.02B in an upsized IPO at $23, valuing the nuclear firm at $9.1B and setting up reactors to power its AI data centers.
1. Earnings Expectations
Amazon will kick off mega-cap tech earnings superweek with its Q1 report next week. Analysts anticipate revenue and EPS beats, citing strength in advertising fueled by AI features, robust AWS cloud expansion, and detailed capital expenditure guidance.
2. X-Energy IPO and Energy Strategy
Amazon-backed X-Energy sold 44.3 million shares at $23 each, raising $1.02B and valuing the small modular reactor firm at $9.1B. The reactors are planned to supply low-carbon power to Amazon’s future AI data centers, aligning with the company’s push for sustainable and reliable energy sources.