Amazon shares back up after earnings as investors mull aggressive AI spending

Amazon shares back up after earnings as investors mull aggressive AI spending

Amazon CEO Andy Jassy told investors on Wednesday not to expect his company’s massive spending to slow down anytime soon.
“The faster AWS grows, the more short-term capex we’ll spend,” he said, according to a transcript. Amazon Web Services grew 28% year over year last quarter, its fastest growth i

https://www.marketwatch.com/livecoverage/amazon-earnings-stock-results-aws-guidance-ai/card/as-aws-rapidly-grows-so-will-amazon-s-capex-jassy-says-6ZS7EbedA04wc7t6cyEY