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 shares slide as weak revenue outlook, AI spending rattle investors
Amazon investors drove shares down sharply on Thursday due to weakness in the retailer’s cloud computing unit and ...
Amazon going all in on AI and cloud platform
Amazon’s lackluster forecast for FY25 left investors underwhelmed despite what were otherwise solid quarterly results, specifically a 61% surge in operating income. Wall Street was also jolted by the ...