Amazon's Q1 financial report exceeded expectations: Strong growth in advertising and cloud business will continue to invest heavily in AI. After the US stock market closed on Tuesday, US technology giant Amazon released its Q1 2024 financial report. Thanks to the growth of its advertising and cloud computing business, its revenue and profit in the first quarter were better than expected, which drove its stock price to rise by more than 6% after market hours. However, it has recently narrowed to 1.5%.