Tech Giants Double Down on Their Massive AI Spending
Amazon, Google, Microsoft and Meta are pouring billions into artificial intelligence, undeterred by DeepSeek’s rise.
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Amazon shares drop as cloud growth, sales forecast lag
Amazon.com investors drove shares down sharply on Thursday (Feb 6) due to weakness in the retailer's cloud computing unit and lower-than-expected forecasts for first-quarter revenue and profit. Amazon ...
Amazon, echoing Microsoft, says can’t keep up with AI demand
CEO Jassy said the supply of chips — from third parties and Amazon’s own chip design unit — and power capacity are limiting ...
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Amazon reports strong earnings for Q4, but stocks dip due to outlook for the 1st quarter
In the fourth quarter, Amazon reported spending $27.8 billion on property and equipment, significantly higher than the same ...
Amazon’s outlook underwhelms as tech giant forecasts ‘lumpy’ cloud growth in years ahead
Amazon shares slid after the online retail and cloud-services giant offered a first-quarter outlook that came up short of ...
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 Says Profits Rose 88% but Cautions Growth May Slow
The company’s cloud computing business showed strong growth, while a forecast for the current quarter disappointed investors.
Amazon EPS Jumps 86%, Beats Forecasts
Amazon reported major financial strides in Q4 2024, driven largely by AWS. The segment achieved a 19% sales growth to $28.8 billion, enhancing its operating income by 48% to $10.6 billion. Investments ...