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Amazon, AI
Amazon shares fall on struggle to keep up with AI demand despite plans for $100B in capital spending
Amazon’s chief executive had predicted the company would spend more in 2025 than the roughly $83 billion it spent last year.
Amazon plans to spend $100 billion this year to capture ‘once in a lifetime opportunity' in AI
Amazon CEO Andy Jassy speaks during a keynote address at AWS re:Invent 2024, a conference hosted by Amazon Web Services, at The Venetian Las Vegas on December 3, 2024 in Las Vegas, Nevada. Amazon said it plans to boost capital expenditures to $100 billion in 2025,
Amazon doubles down on AI with a massive $100B spending plan for 2025
Amazon is joining other Big Tech companies by announcing huge AI spending plans for 2025. © 2024 TechCrunch. All rights reserved. For personal use only.
Amazon’s quarterly profits soar to a record $20 billion
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 bottom line, with earnings of $1.86 per share, vs. expectations of $1.48 for the fourth quarter.
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 Beats Quarterly Revenue Estimates, Cloud Growth Lags
Amazon.com topped Wall Street estimates for quarterly revenue on Thursday, as strong sales over the holiday shopping season boosted its retail business, helping offset weakness in the cloud computing unit.
12h
Amazon Stock Is Down Amid Doubts About Its $100 Billion AI Bet
Amazon said Thursday it plans to boost its capital expenditures to $100 billion in 2025, as it continues its AI investments.
1h
on MSN
Amazon faces new union test in North Carolina
North Carolina is a state that is generally hostile to unions. Amazon is a company that is, historically, extremely hostile to unions. Now an upstart union is attempting to represent more than 4,000 ...
6h
on MSN
The mystery inside Amazon’s record profits: How much are higher seller fees boosting the bottom line?
Amazon's cloud and ad divisions are key contributors to its record profit. But the tech giant keeps the full picture murky.
1d
Amazon CEO says cloud business would have grown faster if it had more AI chips, power, and server components
AWS's growth is slowed by AI chip shortages and server constraints, CEO Andy Jassy said, as the company plans significant ...
2d
Amazon's cloud business faces crucial test after rivals Microsoft, Google stumble
The pressure is on Amazon.com to deliver on lofty expectations for cloud computing in its fourth-quarter results on Thursday, ...
14h
on MSN
Amazon to pay nearly $4M to settle lawsuit alleging it took tips from drivers
Amazon has agreed to pay nearly $4 million to settle charges that the e-commerce company subsidized its labor costs by taking ...
13h
on MSN
Amazon Posts Solid Earnings. That’s Where the Good News Ends.
Amazon stock fell Friday after the tech giant’s fourth-quarter results on Thursday afternoon presented a mixed picture of the ...
1d
on MSN
Amazon Q4 Ad Revenue Climbs 18% but Misses Wall Street Estimates, Total Profit Hits $20 Billion in Holiday Shopping Period
Amazon reported $17.3 billion in advertising sales for Q4 2024, an increase of 18% -- which fell short of Wall Street ...
11h
Amazon Removes Diversity References From Annual Report—Here Are All The Companies Rolling Back DEI
Following Trump's lead, organizations including Walmart, Lowe’s and Meta have announced they would scale back their ...
1d
Amazon earnings recap: Stock falls as guidance falls short, CFO indicates capex of more than $100 billion in 2025
Amazon's earnings call is today at 5 pm ET. AMZN stock heads into the report up 8% YTD. Investors are focused on cloud demand ...
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