During Amazon's earnings call, an analyst asked CEO Andy Jassy for his response to the notion on Wall Street that the company was falling behind on generative AI development. Jassy, in response, said ...

The company's free cash flow declined sharply to $18.2 billion (NZ$30.9 billion) for the trailing 12 months, down from $53 billion (NZ$90 billion) in the same period last year, as Amazon ramped up ...

Morgan Stanley projects that a proposed Trump tax break could give Amazon billions and supercharge its push to automate ...

Amazon on Thursday reported a 35% jump in quarterly profit, as the e-commerce giant said its substantial investments in artificial intelligence ...

Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial ...

Amazon CEO Andy Jassy said that there was still "more demand than we have supply for" at the moment for its massive cloud-computing segment. He said that in the next 10 to 15 years, more IT spending ...

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies ...

Investors had big expectations for Amazon, and in particular the company's AWS cloud unit, following strong results from Microsoft ( MSFT 3.94%). Amazon revenue and earnings were up 13% and 33%, ...

The Seattle-based company posted net profit of $18.2 billion for the second quarter that ended June 30, compared with $13.5 ...

Giant online retailer Amazon reported advertising revenue up 23% to $US15.694 billion in the June quarter, well ahead of overall growth. Amazon is now the world’s third largest advertising player ...

Amazon.com reported solid second-quarter earnings that beat expectations Thursday afternoon.Earnings rose to $1.68 a share versus Wall Street’s consensus estimate of $1.33, according to FactSet, and ...

Amazon, Anthropic, Apple, Google, and OpenAI are among the companies making commitments. Some analysts argue health info could be at risk.