This article provides an earnings preview for Amazon, focusing on key areas such as Amazon Web Services (AWS), consumer spending, retail operations, artificial intelligence (AI) initiatives, and Project Kuiper. AWS remains a significant growth driver, with expectations of continued strong performance. However, consumer spending is a concern due to inflationary pressures and economic uncertainty. Amazon’s retail operations face challenges, including excess inventory and fulfillment costs. The company’s AI efforts, including the development of large language models and computer vision, are highlighted. Additionally, Project Kuiper, Amazon’s ambitious plan to launch a constellation of satellites for broadband internet, is discussed as a potential long-term opportunity.