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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.
From the question of where Amazon is in the AI race to forecasts for the next quarter, here are four key takeaways from the ...
Amazon’s deal hub is packed with steep discounts on Apple AirPods, New Balance sneakers, Shark vacuums, and more best-sellers ...
From Lisa Frank stickers to Trapper Keepers and scented markers, shop nostalgic back-to-school deals at Amazon for kids and ...
Amazon is still the biggest cloud provider. But amid the AI boom, analysts wonder if Microsoft is catching up.
The company’s quarterly sales results exceeded Wall Street’s expectations.
The dominant position of Amazon and Microsoft in cloud computing is harming competition, with their impact exacerbated by ...
Various companies assess the value of global brands regularly, and per Brandirectory, Amazon is the fourth-most-valuable ...
The accelerating cloud growth at Microsoft and Google points to artificial-intelligence momentum that AWS doesn’t show yet.
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