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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 is entering a new phase of margin expansion, driven by core retail rather than just AWS and advertising. Click here to ...
"Coaches are hard to find. But when you do find it, it levels your business up," says top Amazon seller Lisa Harrington.
Amazon saw an increase in profit this quarter. The company reported a 13% increase in net sales to $167.7 billion in Q2, up ...
Amazon.com's custom Inferentia chips and SageMaker integration position it to dominate the fast-growing AI inference market.
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With headcount inching up to 1.55 million, CEO Andy Jassy said "AI progress across the board continues to improve our ...
The e-commerce giant’s quarterly sales results met Wall Street’s expectations.
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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