Amazon’s stock drops as cloud revenue comes up short and it doubles AI spending
AWS has not been able to match the growth of Amazon’s competitors, with Microsoft Corp.’s Azure and Alphabet Inc.’s Google ...
Amazon's outlook underwhelms as tech giant forecasts 'lumpy' cloud growth in years ahead
Overall revenue for Amazon's latest quarter came in at $187.8 billion, while the FactSet consensus was for $187.3 billion. The company saw a 10% boost in North America sales, to $115.6 billion, and an ...
Amazon shares slide as weak revenue outlook, AI spending rattle investors
Amazon investors drove shares down sharply on Thursday due to weakness in the retailer’s cloud computing unit and ...
Amazon Earnings: Shares Fall After Sales Outlook Is Weaker Than Expected
Amazon.com shares slipped Thursday after the company projected lower-than-expected sales and operating income and said it ...
Amazon reports strong earnings for Q4, but stocks dip due to outlook for the 1st quarter
Amazon on Thursday reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped ...
Amazon doubles down on AI with a massive $100B spending plan for 2025
Amazon is the latest tech giant to announce a massive AI spending plan, with well over $100 billion in predicted capital ...
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Amazon CEO says cloud business would have grown faster if it had more AI chips, power, and server components
Amazon CEO Andy Jassy said on Thursday that the Amazon Web Services cloud business could grow faster if not for "capacity constraints" across its data centers. He said the shortage has been caused by ...