Amazon Follows Google, Meta, and Microsoft With Plans To Boost Spending on AI
Amazon said it expects to spend over $100 billion in capital expenditures this year, making it the latest tech giant to say it's ramping up investments in artificial intelligence infrastructure.
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 ...
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Amazon beats Q4 expectations, forecasts slower Q1 growth
Amazon beat expectations for revenue and earnings for the fourth quarter, but it predicts slower growth in the next quarter.
Amazon hit by strengthening dollar, underscoring risks in tech to overseas reliance
In its earnings report on Thursday, Amazon said the strong dollar is weighing on revenue, signaling the company is ...
Amazon set to pass Walmart in revenue for first time
Walmart, which is often dubbed the world’s biggest retailer in reference to its revenue, still leads the way when it comes to ...
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’s quarterly profits soar to a record $20 billion, but cloud growth comes up short
Amazon's beat Wall Street's overall expectations with $187.8 billion in net sales, up 10%, and came in well ahead on the ...
Amazon on pace for $100B+ in yearly capex; Jassy expects cost efficiencies to drive AI demand
Amazon CEO Andy Jassy says the trends represented by DeepSeek should stoke AI demand long-term. (GeekWire File Photo / Taylor ...
In MoU with Amazon, pitch to sell Bengal’s MSME items to world
The MoU was signed in the presence of Chief Minister Mamata Banerjee and other dignitaries, including Chief Secretary Manoj ...
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Amazon offers weak outlook on rising spending for AI
AMAZON.COM projected profit in the current quarter that fell short of analysts’ estimates, suggesting the company continues ...
AMZN Earnings: Amazon Beats Wall Street Forecasts but Issues Weak Guidance
Amazon (AMZN) stock is down 2% after the e-commerce company delivered better-than-expected financial results for the fourth quarter of 2024 but ...
After hours movers: Amazon drops, Affirm shoots higher after quarterly results, outlooks
Amazon (NASDAQ: AMZN) late Thursday added its financial results to the batch from Magnificent Seven companies, and investors pulled its shares lower, while stock in buy-now, pay-later lender Affirm ...