Amazon's cloud service is going to get a big boost from AI, analyst says. AI is set to drive both cloud revenues and margins according to the note.
drive increased AWS cloud sales, says Oppenheimer analyst Jason Helfstein.
Amazon is increasingly focused on embedding high-margin AI products which enable enhanced productivity and revenue opportunities for cloud customers. The e-commerce giant itself heavily utilizes artificial intelligence in targeting product placement and advertising on its own site. AWS, which represents the bulk of Amazon's operating profits, will grow its margins from 28% in 2018 to more than 33%, above consensus estimates, due to these services according to Helfstein. AWS notched revenue of more than $25 billion in 2018, growing 45% from the previous year.
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