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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.
From the question of where Amazon is in the AI race to forecasts for the next quarter, here are four key takeaways from the ...
Various companies assess the value of global brands regularly, and per Brandirectory, Amazon is the fourth-most-valuable ...
Looking at specific segments, Amazon says North America sales increased 11% year-over-year to $100.1 billion; international ...
Andy Jassy's description of an AI-generated ad that Alexa+ delivers in a multistep conversation, which could help users find ...
Amazon is still the biggest cloud provider. But amid the AI boom, analysts wonder if Microsoft is catching up.
The company’s quarterly sales results exceeded Wall Street’s expectations.
From Lisa Frank stickers to Trapper Keepers and scented markers, shop nostalgic back-to-school deals at Amazon for kids and ...
Consumers spent more than expected on the e-commerce giant’s site, while margins tightened at the company’s all-important ...
Benzinga on MSN2d
Amazon Q2 Earnings Highlights: Double Beat, 'AI Progress Across The Board ContinuesAmazon's second-quarter net sales rose 13% year-over-year to $167.7 billion, surpassing the $161.9 billion consensus estimate ...
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