Amazon CEO says cloud business would have grown faster if it had more AI chips, power, and server components
AWS's growth is slowed by AI chip shortages and server constraints, CEO Andy Jassy said, as the company plans significant capital investment.
Amazon on pace for $100B+ in yearly capex; Jassy expects cost efficiencies to drive AI demand
Amazon CEO Andy Jassy says the trends represented by DeepSeek should stoke AI demand long-term. (GeekWire File Photo / Taylor ...
Amazon's outlook underwhelms as tech giant forecasts 'lumpy' cloud growth in years ahead
Overall revenue for Amazon's latest quarter came in at $187.8 billion, while the FactSet consensus was for $187.3 billion. The company saw a 10% boost in North America sales, to $115.6 billion, and an ...
Amazon Says Profits Rose 88% but Cautions Growth May Slow
The company’s cloud computing business showed strong growth, while a forecast for the current quarter disappointed investors.
Amazon Q4 Ad Revenue Climbs 18% but Misses Wall Street Estimates, Total Profit Hits $20 Billion in Holiday Shopping Period
Amazon reported $17.3 billion in advertising sales for Q4 2024, an increase of 18% -- which fell short of Wall Street ...
Amazon plans to spend $100 billion this year to capture ‘once in a lifetime opportunity' in AI
Amazon said Thursday it plans to boost its capital expenditures to $100 billion in 2025, as it continues its spending spree on AI services.
'Most Successful Yet for Amazon': Walmart Has Topped the S&P 500 for 12 Years. This Month, Another E-Commerce Giant Is Expected to Take Its Crown.
Walmart may have generated the most revenue of any other company in the S&P 500 for the past 12 consecutive years, but ...
Amazon set to release long-delayed Alexa generative AI revamp
Amazon is set to release its long-awaited - and delayed - Alexa generative artificial intelligence voice service, said three ...
Google scraps DEI initiatives as tech executives embrace Trump
Tesla CEO Elon Musk, Amazon founder Jeff Bezos, Apple CEO Tim Cook and Meta Platforms CEO Mark Zuckerberg stood behind Trump ...
Amazon And Laurene Powell Jobs Are Betting On This Nuclear Reactor Startup
X-energy, controlled by billionaire Kam Ghaffarian, rakes in another $200 million to become the best-funded startup ...
Amazon set to report earnings after the bell
The company is expected to show strong operating income growth, reflecting CEO Andy Jassy’s efforts to rein in expenses.
Amazon reports strong earnings for Q4, but stocks dip due to outlook for the 1st quarter
Amazon on Thursday reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped ...