Amazon’s profit is suddenly going through the roof, fueling CEO Andy Jassy’s $100 billion AI spending spree to fight Google and Microsoft
Jassy told analysts on an earnings call Thursday that Amazon will spend around $100 billion or more on capital expenses in ...
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Amazon set to surpass Walmart’s quarterly revenue
For the latest fiscal year, Walmart’s annual revenue is expected to approach $681 billion. Amazon is rapidly catching up, with estimated full-year revenue for 2024 projected to be around $638 ...
NBC Chicago12d
Amazon issues disappointing revenue forecast, points to weakest growth on record
Amazon reported better-than-expected earnings and revenue for the fourth quarter, but it gave disappointing guidance for the current period. The company blamed the weak guidance on foreign ...
NBC Los Angeles12d
Amazon fourth-quarter cloud revenue falls just shy of Wall Street estimates
All three of the top companies providing cloud-based computing and storage delivered less fourth-quarter revenue from this ...
Amazon’s stock drops as cloud revenue comes up short and it doubles AI spending
AWS has not been able to match the growth of Amazon’s competitors, with Microsoft Corp.’s Azure and Alphabet Inc.’s Google Cloud seeing cloud-related revenue rise by 31% and 30%, respectively. Even so ...
AOL12d
Amazon Q4 Ad Revenue Climbs 18% but Misses Wall Street Estimates, Total Profit Hits $20 Billion in Holiday Shopping Period
The Q4 ad revenue figure fell short of analyst expectations of $17.4 billion, per StreetAccount. The growth rate of Amazon’s advertising business, as it puts up even bigger numbers, is slowing ...
NBC News12d
Amazon set to pass Walmart in revenue for first time
Amazon is catching up. Based on fourth-quarter estimates, Amazon’s full year revenue for 2024 will come in at around $638 billion, marking the first time it’s surpassed the $600 billion milestone.