AIFortuneabout 1 hour ago
Amazon Shares Sink on AI Spending
4 min read
Amazon reported third-quarter revenue of $201.9 billion and profit of $20.7 billion, missing expectations due to massive AI infrastructure costs. AWS sales rose 39.3% to $45.98 billion, but free cash flow swung from positive $14.8 billion to negative $42.4 billion. Shares sank 5% in after-hours trading as investors worry about the company's heavy capital expenditures.
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