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Amazon Burns Cash on Surging AI Capex Despite 37% AWS Growth

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Amazon's AWS revenue jumped 37% with a massive backlog, but soaring AI datacenter capex pushed free cash flow to negative $7.6 billion.
  • While diversified revenues offer a cushion against elevated interest rates, heavy debt financing and ongoing capital expenditure create near-term cash flow headwinds.
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AMZN price history

256.78 +13.48% over the displayed period

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