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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.
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Looking at specific segments, Amazon says North America sales increased 11% year-over-year to $100.1 billion; international ...
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.
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Amazon's stock sank on Thursday afternoon, weighed down by mixed guidance and AI competition, though the company beat Q2 ...
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