United States · Business magazines · Axios Markets

Amazon shares sink as it spends heavily on AI

Published by Axios Markets · United States 10 h ago

Amazon shares fell sharply in extended trading Thursday after it reported plummeting free cash flow tied to its heavy investments in AI. Why it matters: Investors are scrutinizing…

Read the full article on Axios Markets Sign in to save

MarketNews shows the headline and summary published by the outlet. The full article is on the publisher's website. (www.axios.com)

Also worth reading

Fortune

Amazon CEO says shopping agents like Meta’s Muse ‘not great’

Fox Business

Google parent Alphabet suffers nearly $500B Wall Street wipeout amid AI spending fears

Inc.

Want Less Knee Arthritis Pain? A 6-Week Study Found a Daily Supplement With a Surprising Second Benefit

Entrepreneur

Alphabet Just Lost $500 Billion in One Day — Here’s Why Wall Street Is Spooked

Kiplinger

Nasdaq Drops 365 Points on Big Alphabet Miss: Stock Market Today

Fast Company