Amazon.com Inc. shares have largely climbed on the back of two trends: strength in its cloud business and a focus on costs.
The company’s cloud computing business showed strong growth, while a forecast for the current quarter disappointed investors.
Amazon joined Microsoft and Google parent Alphabet in posting slowing cloud growth in last year’s fourth quarter.
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.
Jassy told analysts on an earnings call Thursday that Amazon will spend around $100 billion or more on capital expenses in ...
In its earnings report on Thursday, Amazon said the strong dollar is weighing on revenue, signaling the company is ...
Live Updates Make sure to refresh this page periodically for updates. Amazon Addresses DeepSeek 2:36 pm A Wall Street analyst ...
DeepSeek has prompted investors to take a closer look at the AI spending plans of the world's biggest tech companies.
Amazon's online advertising business logged $17.29 billion in the fourth quarter, up 18% from a year ago. Analysts polled by ...
By Greg Bensinger, Deborah Mary Sophia (Reuters) -Amazon.com investors drove shares down sharply on Thursday due to weakness ...
Still, Amazon may be better positioned than rivals to capitalize on cheaper AI, analysts say, due to its massive cloud ...