• AMZN: AWS revenue rose 28% YoY in Q1. Trailing 12‑month operating cash flow up 30% to $148.5B; trailing 12‑month free cash flow down to $1.2B.
  • U.S. lawmakers warned EU’s proposed Digital Markets Act could impose unique regulatory burdens on Amazon Web Services by designating Amazon a gatekeeper while exempting some non-U.S. cloud rivals
  • AMZN says Amazon Business aims for about $60B in annual merchandise sales, roughly a 71% jump vs. 2023, highlighting strong growth in its corporate sales channel.
  • Wells Fargo lifted Amazon (AMZN) price target to $322 from $312 and kept Overweight, citing manageable AI infrastructure costs as cloud providers can pass higher capex — est. ~$1.1T by 2027.