Amazon shares sink 7% as AI spending fuels cash-burn concerns, overshadow cloud growth

Amazon's shares dropped significantly in after-hours trading following disappointing earnings and substantial investments in artificial intelligence. The company reported a net income decline and…

More news in Business

Google parent Alphabet loses $500 billion in market value as AI spending spooks investorsSensex, Nifty likely to open higher after earnings-led reboundSagility BV to cut stake in India armBLS Polymers IPO subscribed 241xVijay Sankar named next Ficci president