Bloomberg Daybreak: Asia Edition Recapping the APAC Trading Week, Amazon Earnings, US Jobs Data
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Feb 7, 2025 Mary Nicola, Bloomberg MLIV Strategist based in Singapore, kicks off a discussion on the fast-paced APAC trading week. Arun Sundaram, Vice President at CFRA, analyzes Amazon's earnings, highlighting challenges and future tech investments. Keith Buchanan, Senior Portfolio Manager, dives into the upcoming U.S. jobs report, emphasizing its significance for financial markets and Fed policies. The discussion uncovers the resilience of the Japanese yen and the impact of tariffs on e-commerce, painting a complex picture of global market dynamics.
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Amazon's CapEx and AI Investment
- Amazon's CapEx cycle will continue in 2025, exceeding street expectations.
- Big tech, including Amazon, continues to invest heavily in AI.
Demand and Returns in Cloud Computing
- Demand for cloud computing remains strong, exceeding supply.
- Amazon has a proven track record of generating returns on investments.
Power Concerns for Data Centers
- Amazon's CEO, Andy Jassy, expressed concerns about insufficient electricity for data centers.
- This concern echoes similar worries from Microsoft about power infrastructure.