1. Amazon reported strong Q1 results with AWS growth and margin expansion driven by robotics and AI investments; 2. AWS dominates cloud and AI markets, with 85% of IT still on-premise, indicating significant growth potential; 3. The company's multi-layered AI strategy, including custom chips and the Bedrock platform, is generating billions in revenue at triple-digit growth rates, while the stock remains undervalued with a $251 price target.