<ul><li>Amazon will release its first-quarter earnings after the closing bell on Thursday, and Wall Street is watching for the impact of President Donald Trump's tariffs on the company's e-commerce business.</li><li>Amid concerns around tariffs, analysts are largely bullish on Amazon's stock over the next 12 months, and the focus will also be on the continued growth in Amazon Web Services.</li><li>JPMorgan remains bullish on AWS and expects AWS growth to pick up in the second half of the year, despite the key threat of tariffs in the near term.</li><li>Amazon's consensus first-quarter net sales estimate is $155.16 billion, with expectations for growth in various segments including Online Stores, AWS, and Subscription Services.</li></ul>

Amazon earnings updates: Wall Street watching for cloud demand, advertising strength

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