The massive capex comes as Amazon's cloud and AI rivals up their spending. Google-parent company Alphabet, said on its most recent earnings call that it expects to spend $75 billion on capital ...

Developing AI technology is not cheap at all. It costs billions of dollars to train AI models, and this is why most of the ...

Amazon’s chief executive had predicted the company would spend more in 2025 than the roughly $83 billion it spent last year.

Amazon said Thursday it plans to boost its capital expenditures to $100 billion in 2025, as it continues its AI investments.

Amazon CEO Andy Jassy revealed to investors Thursday that the company plans to spend more than $100 billion in capital expenditures on AWS and AI development in 2025.

Amazon's beat Wall Street's overall expectations with $187.8 billion in net sales, up 10%, and came in well ahead on the ...

Amazon (AMZN) delivered its fourth-quarter results after Thursday’s market close, exceeding expectations on both revenue and ...

Meta, Google, Amazon, and Microsoft are ramping up their AI capex spend, despite investor concerns that it's undermined by ...

It is about halfway through the fourth-quarter earnings season, with results available for most of the market’s top ...

The maker of Yankee Candle and Sharpie pens said volumes fell and foreign exchange rates were a headwind in the fourth quarter. The sports-car maker warned that profits will be hurt this year as it ...

Amazon was that last of the four major hyperscalers to publish December-quarter earnings and 2025 spending plans.

Amazon faced ~900 Mn FX headwind in 4Q’24 which was ~700 mn higher than assumed. For the third consecutive quarter, AWS grew ...