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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. Free cash flow turned negative for the first time since 2023 as the company poured money into AI data centers.
AI Summary
Amazon posted second‑quarter revenue of $200.6 billion, a 20% increase, with Amazon Web Services growing 37%—its fastest pace since late 2021. The company’s free cash flow turned negative for the first time since 2023. The loss is attributed to significant investment in AI data centers.
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