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Feb 6 • 10:16 UTC • 🇨🇿 Czechia • AktuálnÄ›.cz

Amazon Increased Revenue, but Investors Punished Its Artificial Intelligence Plans

Amazon reported a 14% year-over-year increase in net revenue for the fourth quarter to $213.4 billion, driven by higher customer spending and cloud growth, yet its stock plummeted due to plans for a more than 50% increase in capital expenditures to around $200 billion.

#amazon #revenue #artificial intelligence #cloud growth #investors
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