Amazon Tops Estimates | Closing Bell

The video covers the U.S. market close with a tech-led rally on strong Microsoft earnings showing AI spending returns. Amazon reported a revenue beat and robust AI chip run rate, while Meta declined on perceived lack of AI ROI. Coinbase missed transaction revenue, Rivian delivered better results, and Reddit beat on forecast. The show awaits Apple earnings. - S&P 500, Nasdaq, and Dow ended higher driven by information technology sector rally. - Microsoft surged after earnings, seen as proof that AI capital expenditure is generating returns. - Meta shares fell sharply, extending a multi-day slide as investors remain skeptical on its AI spending payoff. - Amazon beat on net sales and AWS, announced $25B+ annual revenue run rate for AI chips and AI services. - Coinbase transaction revenue missed estimates amid cooling crypto trading activity. - Rivian beat on revenue and vehicle deliveries, narrowed EBITDA loss outlook. - Reddit forecast revenue above estimates but stock moved lower after hours. - Apple earnings scheduled later will be a key market focus.