Amazon slides as investors eye the profit outlook amid big spending on the AI arms race

21 hours ago 1
Exterior view of the Amazon Logistics delivery agency in Velizy-Villacoublay, France

HJBC

Amazon (NASDAQ:AMZN) swung lower during the company's earnings conference call on Thursday after CEO Andy Jassy highlighted some of the constraints in meeting AI demand, chiefly electricity and chip availability.

"I don't believe that we will have fully resolved the

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