Technology
AWS is ‘booming,’ but Amazon’s free cash flow turns negative on record AI spending
Amazon reported $200.6 billion in second-quarter revenue, up 20%, with AWS growing 37%, its fastest pace since the end of 2021.
AI Summary
Amazon reported $200.6 billion in second-quarter revenue, up 20%, with AWS growing 37%, its fastest pace since the end of 2021. Free cash flow turned negative for the first time since 2023 as the company poured money into AI data centers. Read More
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