"Amazon's revenue reached $213.39 billion, up 13.6% year over year, with AWS contributing significantly at $35.58 billion, growing 24%, its fastest pace in 13 quarters."
"Walmart's revenue was $190.66 billion, up 5.6%, with eCommerce growing 27% and store-fulfilled expedited delivery reaching 95% of U.S. households in under three hours."
"Amazon plans to invest approximately $200 billion in capital expenditures by 2026, focusing on AI infrastructure, custom chips, and low-earth-orbit satellites."
"CEO Andy Jassy emphasized the importance of innovation, stating that growth is driven by addressing customer problems and expanding offerings in cloud and advertising."
Amazon reported $213.39 billion in revenue, a 13.6% increase, driven by AWS and advertising growth. AWS revenue reached $35.58 billion, growing 24%, while advertising grew 23%. Walmart's revenue was $190.66 billion, up 5.6%, with eCommerce growing 27%. Walmart is leveraging its store network for logistics, achieving rapid delivery. Amazon plans to invest $200 billion in AI infrastructure and related technologies by 2026, focusing on innovation and customer problem-solving.
Read at 24/7 Wall St.
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