1 hour ago
Amazon (AMZN) Stock: Falls as AI Spending Drives Record $42 Billion Cash Burn
TLDR Amazon records a $42.4 billion free cash flow outflow, its largest deficit ever Amazon spends $77 billion on property and equipment during the third quarter AWS revenue jumps 39% to $46 billion, marking its fastest growth in five years Amazon’s long-term debt climbs to $173 billion as its cash balance declines Amazon plans $220 [...]
The post Amazon (AMZN) Stock: Falls as AI Spending Drives Record $42 Billion Cash Burn appeared first on Blockonomi.
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