Amazon is spending $200 billion in a single year to dominate cloud infrastructure, but its free cash flow just turned negative and its stock has slipped 8% from its post-earnings peak. The data centers being built today will not produce…
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Amazon (NASDAQ:AMZN | AMZN Price Prediction) trades at $251.40. The stock has given back part of its post-earnings rally even though AWS is growing at its fastest pace in 18 quarters.
Amazon runs the world’s largest e-commerce operation and the leading cloud platform, and it is spending at a record pace to stay on top. Management plans roughly $200 billion in capex this year. Alongside that expansion came the “Built Together” push: a $1 billion investment in AWS Forward Deployed Engineering, with early customers including the NFL, NBA and Southwest Airlines (NYSE:LUV). Shares rose to $274.48 a week…
