2 sources
Amazon sees 50% boost to capital spending
Amazon on Thursday projected a surge of more than 50% in capital expenditures this year, joining its peers in a spending spree to build
Summary
The top four hyperscalers - Amazon, Microsoft, Google and Meta - are expected to collectively spend more than $630 billion this year. But Amazon took $610 million in asset impairments related primarily to its physical stores unit, which includes Amazon Go and Amazon Fresh grocery stores. Amazon's advertising business continues to be a highlight.
What this story is about
People
- Asit Sharma2
- Dave Wagner2
- Andy Jassy2
- Gil Luria2
- Jassy2
- Leo2
Organisations
- Aptus Capital Advisors2
- Amazon Web Services2
- D.A. Davidson2
- Motley Fool2
- Microsoft2
- Alphabet2
- Big Tech2
- Amazon2
Places
- AI2
Keywords
- expenditures2
- spending2
- boost2
- sees2
- projected
- sputtered
- joining
- shares
- tumble
- peers
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
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