Amazon falls most since Aug. on $200 billion spending vow
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Amazon CEO Andy Jassy defends $200B spending plan: 'This isn't some sort of quixotic top-line grab'
Amazon's cloud unit posted its fastest growth in more than three years, but the company's plan to spend $200 billion on infrastructure in 2026 sent shares tumbling 10% after hours.
Amazon Web Services generated $35.58 billion in revenue, according to a statement. Analysts polled by StreetAccount had expected $34.93 billion. AWS represented about 17% of Amazon's total revenue for the quarter.
Amazon is playing a key role in the AI boom.
AT&T and Amazon partner on LEO satellite internet and AWS fiber links to expand U.S. connectivity and boost efficiency—see impacts on satellite rivals.
An Amazon Web Services outage is affecting users across the world. The outages were reported with multiple apps, including Amazon Prime, Snapchat, and Roblox. Amazon is actively working on resolving the issue. WASHINGTON, D.C. - An Amazon Web Services ...
Amazon.com CEO Andy Jassy reports updates on Amazon Web Services, cloud, AI and other parts of the business on the company’s Q4 earnings call.
AWS CEO Matt Garman said space-based data centers remain impractical and uneconomical despite rising AI-driven infrastructure demand, citing high launch costs, heavy hardware and limited rocket capacity as major barriers even as some tech leaders continue to explore the idea.
Amazon Web Services said a major outage has been resolved. Early Monday morning, outages were reported with multiple apps, including Amazon Prime, Snapchat, and Roblox. The tech company pinned the outage on issues related to its domain name system that ...