Says AWS has much broader capabilities than competitors and is innovating at a rapid clip. Says AWS “heavily investing” in agents. Says AWS continues to win big legacy transformations to the cloud. Expects to be “very aggressive” in investing in capacity. Says committed to remaining competitive on price. Says investing $4B to expand rural delivery network. Says pleased with strong growth in advertising. Says AI shopping assistant Rufus has 250M active customers this year with monthly users up 140% y/y. Comments taken from Q3 earnings conference call.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN: