Amazon shares plunge as AI costs climb
Media
Strong sales fail to calm market fears over soaring AI and infrastructure spending. SAN FRANCISCO: Amazon shares dove more than 11 per cent on Thursday (Feb 5) as the computing and retail titan reported strong sales but significantly boosted spending estimates. Amazon reported a profit of US$21.2 billion on net sales of US$213.4 billion in the recently ended quarter as its AWS cloud computing, retail, advertising, and chips businesses thrived. "With such strong demand for our existing offerings
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