Amazon Sinks on AI Spend as Cloud Demand Improves — SkimNews
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- Andy Jassy put a $1 trillion AWS milestone in his sights as the Amazon CEO.
- Amazon shares sank as the company spent heavily on AI, even as earnings coverage said cloud demand was improving.
Why it matters: Amazon shareholders face a concrete trade-off: the shares sank as the company spent heavily on AI, while cloud demand improved and Jassy put a $1 trillion AWS milestone in his sights. That contrast makes present spending pressure and the scale of AWS’s longer-term opportunity the central investor tension.
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