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Amazon stock knocked as AI spending weighs on profits growth
Heavy AI spending weighed on profit expectations. Amazon projected that operating income in the third quarter would be $15.5bn-$20.5bn, which fell short of analyst expectations of $19.4bn. It forecast revenue to be between $174bn-$179.5bn, only slightly above analysts’ expectations of $173bn.
Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial ...
Amazon saw an increase in profits in Q2 compared to 2024. Washington Congressman Michael Baumgartner paid tribute this week ...
The company’s quarterly sales results exceeded Wall Street’s expectations.
An increase in Amazon Web Services spending cut into the cloud giant’s profits in the second quarter as AWS raced to meet ...
"Coaches are hard to find. But when you do find it, it levels your business up," says top Amazon seller Lisa Harrington.
Amazon posted higher fiscal second-quarter profit and sales than the year-ago period, underscoring the online giant's ...
Amazon.com, Inc.'s post-earnings dip is an overreaction. AWS remains a leader with $10B profits and 30% market share. Click ...
From the question of where Amazon is in the AI race to forecasts for the next quarter, here are four key takeaways from the ...
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