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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 is entering a new phase of margin expansion, driven by core retail rather than just AWS and advertising. Click here to ...
22hon MSN
Amazon cites AI for Q2 profit jump
Amazon saw an increase in profit this quarter. The company reported a 13% increase in net sales to $167.7 billion in Q2, up ...
The company’s quarterly sales results exceeded Wall Street’s expectations.
Amazon.com's custom Inferentia chips and SageMaker integration position it to dominate the fast-growing AI inference market.
"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 ...
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