Analysts are forecasting an EPS of $0.35 for the current quarter. Amazon’s next reporting date is scheduled for July 27, 2023. However, the company’s P/E ratio of 246.8, price/sales ratio of 1.67, and price/book ratio of 7.40 indicate that the stock may be overvalued.Ĭompared to other internet retail companies, Amazon’s stock performance on was relatively stable.

Analysts predict a 22.00% earnings growth over the next five years.Īmazon’s revenue growth has also remained steady, with a 9.40% increase over the past year.

The company has also seen significant earnings growth this year, increasing 675.81%. The stock fluctuated between $101.15 and $103.89, with 3,348,858 shares traded.ĭespite the lower trading volume, Amazon’s market capitalization remains strong at $1.1T. On May 2, 2023, Amazon’s stock (AMZN) opened at $101.47, down from the previous day’s close of $103.66. Amazon Stock Analysis: Stable Performance on but High Valuation Raises Caution for Investors The company is building new AI models to enhance Alexa’s responses and make them more sophisticated than ChatGPT’s text-based conversations.

In summary, Amazon aims to revamp Alexa with more advanced generative AI features, including entertainment options for Prime Video search and recommendations, and interactive storytelling and news reading apps. However, Amazon has begun exploring ways to make further improvements to Alexa’s AI since the release of ChatGPT. Alexa already benefits from the Alexa Teacher Model, which has improved the machine learning systems behind the service for several years. Amazon’s spokesperson confirmed that the underlying AI technology that will power Alexa is its own, homegrown, large language model and generative AI technology called Alexa Teacher Model.Īmazon is developing new AI models to enhance Alexa’s responses and make them more sophisticated than ChatGPT’s text-based conversations. The leaked documents focused on new entertainment features, including more conversational video search, personal recommendations, and storytelling and news reading capabilities.ĭespite laying off 2,000 Alexa employees in 2022, Amazon’s CEO, Andy Jassy, has ambitious plans to reboot the voice assistant with ChatGPT-like features. ChatGPT is an innovative chatbot developed by OpenAI that can generate human-like responses, translate languages, write creative content, and answer open-ended questions.Īmazon aims to add more entertainment features to Alexa, specifically for Prime Video search and recommendations, and to make storytelling and news reading apps more interactive. On May 2, 2023, reports surfaced that Amazon is planning to overhaul its popular voice assistant, Alexa, with more advanced generative AI features similar to those found in ChatGPT.

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