Amazon Q3 earnings: Stock slumps as AI spending and cash burn overshadow record AWS growth

Amazon’s (NASDAQ:AMZN) latest earnings highlight the growing tension at the heart of the AI investment boom: the opportunity to generate enormous future revenues from cloud computing and artificial intelligence, against the huge upfront costs required to build the infrastructure. Shares in Amazon fell around 7% in after-hours trading on Thursday, 29 October, after its Q3 … Continue reading Amazon Q3 earnings: Stock slumps as AI spending and cash burn overshadow record AWS growth