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Amazon shares drop

Hosted on MSN · 1h

Amazon shares drop as cloud growth, sales forecast lag

By Greg Bensinger, Deborah Mary Sophia (Reuters) -Amazon.com 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.

MarketWatch on MSN · 5h

Amazon’s outlook underwhelms as tech giant forecasts ‘lumpy’ cloud growth in years ahead

Amazon shares slid after the online-retail and cloud-services giant offered a first-quarter outlook that came up short of Wall Street’s expectations while forecasting bumpy trends in its cloud business.

Geekwire on MSN · 8h

Amazon’s quarterly profits soar to a record $20 billion, but cloud growth comes up short

Amazon's beat Wall Street's overall expectations with $187.8 billion in net sales, up 10%, and came in well ahead on the bottom line, with earnings of $1.86 per share, vs. expectations of $1.48 for the fourth quarter.

AI, Amazon

SiliconANGLE · 5h

Amazon’s stock drops as cloud revenue comes up short and it doubles AI spending

AWS has not been able to match the growth of Amazon’s competitors, with Microsoft Corp.’s Azure and Alphabet Inc.’s Google Cloud seeing cloud-related revenue rise by 31% and 30%, respectively. Even so, AWS remains much bigger than any other cloud infrastructure provider, and it’s notable that those peers also missed expectations this week.

TechCrunch on MSN · 6h

Amazon doubles down on AI with a massive $100B spending plan for 2025

Amazon is joining other Big Tech companies by announcing huge AI spending plans for 2025. © 2024 TechCrunch. All rights reserved. For personal use only.

New York Post on MSN · 7h

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 lower-than-expected forecasts for first-quarter revenue and profit. Amazon’s shares fell as much as 5% in extended trade after the fourth-quarter earnings report,

Amazon profits last year soared

The New York Times · 6h

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.

Seattle Times · 8h

Amazon profits last year soared, but growth is slowing

Amazon almost doubled its profits in 2024 compared to the year before, but it missed some analysts expectations in its cloud division and issued a warning for slow sales growth in 2025. The Seattle-based tech giant reported $59.

Digi Times · 2h

Amazon provides cautious outlook despite strong growth

In its latest earnings report, Amazon revealed that its cloud division delivered a robust performance over the past quarter, even amidst macroeconomic uncertainties. Despite this positive development,

2hon MSN

Watch These Amazon Price Levels as Stock Drops on Cloud Revenue Miss, Tepid Sales Outlook

Key Takeaways Amazon shares lost ground in extended trading on Thursday after the tech giant reported cloud computing revenue ...

1d

Amazon's cloud business faces crucial test after rivals Microsoft, Google stumble

The pressure is on Amazon.com to deliver on lofty expectations for cloud computing in its fourth-quarter results on Thursday, ...

19h

Amazon Cloud Needs to Deliver After Microsoft, Alphabet Misses

Amazon.com Inc. shares have largely climbed on the back of two trends: strength in its cloud business and a focus on costs.

6h

Amazon, Echoing Microsoft, Says It Can’t Keep Up With AI Demand

Amazon.com Inc. warned investors that it could face capacity constraints in its cloud computing division despite plans to ...

1d

Amazon (AMZN) Will Be Under Pressure to Deliver Strong Cloud Computing Results

Amazon (AMZN) will likely be under pressure to deliver strong cloud computing results in its fourth-quarter earnings report ...

8hon MSN

Amazon is poised to dethrone Walmart in quarterly revenue for the first time ever with a bombshell $187 billion in sales

The brick-and-mortar mainstay has held the top spot in quarterly sales for more than a decade, according to analysts.

4h

Amazon, echoes rival Microsoft, says it can't keep up with AI demand

Amazon spent $26.3 billion in capital expenditures in the last three months of 2024, the vast majority of which went toward ...

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