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Amazon stock knocked as AI spending weighs on profits growth
Amazon shares fell around 7 per cent in after-hours trading as the US ecommerce giant posted underwhelming projections for the third quarter due to high spending on artificial intelligence. Chief executive Andy Jassy also warned of further uncertainty around President Donald Trump’s tariff policies and said he remained “unsure” who would absorb potentially higher costs over time.
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Amazon Falls on Fears That AWS Is Losing Market Share: Should You Buy the AMZN Stock Dip Here?Amazon (AMZN) released its Q2 earnings after the close last night on Thursday, July 31, and the stock is trading lower today ...
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Amazon's Q2 earnings report revealed the company beat consensus estimates for both earnings per share and revenue. The ...
Amazon.com, Inc.'s post-earnings dip is an overreaction. AWS remains a leader with $10B profits and 30% market share. Click ...
Amazon analysts raise price targets and highlight the long-term outlook as investors are cautious over AWS lower growth.
Amazon Web Services is aiming to leverage its clout in the cloud for an AI advantage. (GeekWire File Photo) An increase in ...
Amazon's $4B stake in Anthropic and deep AWS integration boost enterprise AI adoption. Click here to find out how Claude ...
Slowdown in Amazon's cloud business, Amazon Web Services (AWS), is not a lack of demand, but a capacity issue, said CEO Andy ...
Follow-up: Amazon Web Services profits squeezed as AI arms race drives spending surge Amazon beat estimates for its ...
Amazon is still the biggest cloud provider. But amid the AI boom, analysts wonder if Microsoft is catching up.
Amazon's stock sank on Thursday afternoon, weighed down by mixed guidance and AI competition, though the company beat Q2 ...
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