Amazon shares slide as weak revenue, AI spending rattle investors

6 hours ago · Amazon investors drove shares down sharply on Thursday due to weakness in the retailer’s cloud computing unit and lower-than-expected forecasts for first-quarter revenue and …

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Amazon's Outlook Underwhelms As Tech Giant Forecasts 'lumpy' …

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3 hours ago · Amazon shares slid 4% after hours on Thursday. Still, the stock is up 40.6% over the past 12 months. Executives, during the company's earnings call, said capital expenses …

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Amazon Earnings: Shares Fall After Sales Outlook Is Weaker Than ...

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Amazon.com AMZN 1.13% increase; green up pointing triangle shares slipped Thursday after the company projected lower-than-expected sales and operating income and said it plans to …

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Amazon Earnings Recap: Stock Dips On Guidance, Capex Plans

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3 hours ago · The call's discussion focused on AI spending and AWS growth. ... Amazon's shares are trading more than 5% down after the remarks. ... CFO Brian Olsavsky, and head of …

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Amazon Stock Slides As Consumer Concerns Overshadow AI …

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Aug 2, 2024 · The North America division includes all retail sales, advertising and subscription services revenue in the region. And Amazon's Q3 total revenue guidance of $156.25 billion, at …

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Amazon Stock Slides On Q2 Revenue Miss, Disappointing Sales …

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Aug 1, 2024 · NOW PLAYING Why Amazon Is Expanding Into Everything From AI To Auto. Amazon said that it earned an adjusted $1.26 per share on sales of $148 billion for the June …

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Amazon’s Shares Slide As AI Spending Plans Spook Investors - MSN

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Amazon has said the opportunity represents a “multibillion-dollar revenue run rate business.” The shares fell 10% to $165.35 as the markets opened on Friday, the stock’s biggest intraday ...

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Amazon Stock Is Up 30% But Its $100 Billion AI Bet May Not Pay …

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Jul 1, 2024 · Amazon grew at 27.4% per year in the 2010s. Now its revenue grows less than half as fast. Adding $20 billion in AI revenue will not spur enough growth.

forbes.com

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Amazon, Google Show Profit Growth Can Quiet Fears Over Heavy AI …

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Amazon, too, offered a resounding earnings beat.The company posted earnings per share of $1.43 on revenue of $158.9 billion. Analysts had expected earnings per share of $1.16 on …

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Should Investors Buy The Dip In Amazon Stock After Shares Slide …

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Aug 10, 2024 · The company's cloud computing segment, AWS, led the way with revenue growth of 19% to $26.3 billion. AWS' operating income, meanwhile, soared 72% from $5.4 billion to …

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Amazon Shares Plummet On Weak Revenue Forecast - New York Post

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Aug 1, 2024 · Amazon’s cloud business, Amazon Web Services (AWS), reported a 19% increase in revenue to $26.3 billion for the second quarter, surpassing market estimates of $25.95 billion.

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Amazon Shares Slide As Spending Surges And Revenue Outlook

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Revenue from Amazon’s cloud computing unit, Amazon Web Services, grew by about 19% to a higher-than-expected $26.28 billion. The business has shown renewed strength after …

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Amazon Posts Record Profits Again, Promises $100 Billion AI-heavy ...

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1 hour ago · Amazon’s profit is suddenly going through the roof, fueling CEO Andy Jassy’s $100 billion AI spending spree to fight Google and Microsoft BY Jason Del Rey Andy Jassy, chief …

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Amazon Shares Plummet On Weak Sales Forecast Despite CEO …

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Aug 1, 2024 · Amazon's focus on successes in its AWS cloud computing did not cheer investors who sent shares of the Seattle-based company down more than 6% in extended trading.

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Is Amazon Falling Behind On AI? It Might Not Matter After Its …

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Nov 4, 2024 · In the third quarter, Amazon's revenue rose 11% year over year to $158.9 billion, ahead of estimates at $157.2 billion, but that 11% growth translated into 55% growth in …

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Big Tech's AI Splurge Worries Investors About Returns - Investing.com

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Nov 1, 2024 · Shares of Meta slipped 4% and Microsoft fell 6%, despite each topping profit and revenue expectations for the July-September period. Amazon fell 3.4% but investors sent the …

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Wall Street Ends Higher Despite Alphabet Slump. Other Stocks Take …

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1 day ago · However, the tech giant said it would spend more than Wall Street expected on AI. Alphabet shares ended down more than 7%, but investors quickly pivoted to other AI-related …

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FAQs about Amazon shares slide as weak revenue, AI spending rattle investors Coupon?

Why did Amazon stock drop a lot on Thursday?

Amazon investors drove shares down sharply on Thursday due to weakness in the retailer’s cloud computing unit and lower-than-expected forecasts for first-quarter revenue and profit. ...

How did Amazon's profitability compare to the previous year?

AMZN's profitability was a lot better than during the previous year, thanks to a significant contribution from AWS and due to operating leverage and solid cost controls. Amazon managed to grow its operating profit from $13 billion to $21 billion, for a hefty ~60% increase year-over-year. ...

Why did Amazon's shares fall 5% in extended trade?

Amazon’s shares fell as much as 5% in extended trade after the fourth-quarter earnings report, erasing about $90 billion worth of stock market value, and were last down about 4.2%. Amazon Chief Financial Officer Brian Olsavsky said he expected the capital expenditure... ...

Why is Amazon boosting artificial intelligence spending?

Amazon has boosted spending in particular to help develop artificial intelligence software. The company’s sales estimate for the first quarter failed to meet analysts’ expectations, even if a negative impact of $2 billion from last year’s Leap Day is included. ...

Does Amazon's retail business offset cloud weakness?

Amazon’s retail business helped offset the cloud weakness, with the company reporting online sales growth of 7% in the quarter to $75.56 billion. That compared with estimates of $74.55 billion. Amazon forecast operating profit of $14 billion to $18 billion for the first quarter of 2025, missing an average analyst estimate of $18.35 billion. ...

Is Amazon (AMZN) a good stock to buy?

Amazon.com, Inc. announced its Q4 earnings results, beating estimates on both lines. Following a 40% stock price increase over the past year, AMZN shares seem pricey compared to other Magnificent 7 stocks. Given the current valuation, Amazon's shares are not a great investment at these prices, suggesting caution for potential investors. ...