Amazon’s free cash flow fell to minus $42.4bn over the 12 months to September. Spending on AI drove most of the drop, the company said on Thursday. A year earlier it was a positive $14.8bn.The...
With full-year capital expenditures projected to hit $220 billion, Amazon's after-hours trading saw shares retreat roughly 7% despite a blowout quarter.
Amazon spends far more than analysts had predicted on AI data centres in the third quarter, as core businesses show sluggish growth
Amazon CEO Andy Jassy says AWS and the company's stores business could each reach $1 trillion in annual revenue in the next five to 10 years, something no business has ever done. AWS is at a $184...
Jassy: "We’re installing an AI accelerator every 14 seconds"
Shares fall as Amazon forecasts a weaker retail Q4 and continued data center spend
Before long, we could be writing about a cloud company with a retail side hustle
Amazon’s best cloud quarter in five years came with a $42.4 billion free cash flow hole and a debt pile that has more than doubled since December. The market noticed.
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