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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.
Amazon analysts raise price targets and highlight the long-term outlook as investors are cautious over AWS lower growth.
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Amazon's Q2 earnings report revealed the company beat consensus estimates for both earnings per share and revenue. The ...
Amazon's $4B stake in Anthropic and deep AWS integration boost enterprise AI adoption. Click here to find out how Claude ...
A Market Misstep and a Buying Opportunity? Amazon’s (NASDAQ:AMZN) latest quarterly report delivered a mixed bag that sent its stock tumbling 8.3% on Friday. Despite exceeding expectations with strong ...
Amazon.com failed to live up to lofty expectations for its Amazon Web Services cloud computing unit after rivals handily beat ...
Amazon.com, Inc.'s post-earnings dip is an overreaction. AWS remains a leader with $10B profits and 30% market share. Click ...
Follow-up: Amazon Web Services profits squeezed as AI arms race drives spending surge Amazon beat estimates for its ...
AWS growth is under scrutiny after Amazon CEO Andy Jassy's earnings call failed to reassure investors. Brad Erickson, RBC ...
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Amazon Falls on Fears That AWS Is Losing Market Share: Should You Buy the AMZN Stock Dip Here?Amazon (AMZN) released its Q2 earnings after the close last night on Thursday, July 31, and the stock is trading lower today ...
Amazon's stock sank on Thursday afternoon, weighed down by mixed guidance and AI competition, though the company beat Q2 ...
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