"Amazon has integrated AI into what is the most diverse tech footprint of any mega cap, with multi-billion revenue streams in e-commerce, advertising, subscriptions, online video, and cloud."
"The majority of the company's 2024 capex spending is to support the growing need for technology infrastructure," said CFO Brian Olsavsky during the earnings call.
"Revenue increased 11% in the quarter to $158.9 billion, topping the $157.2 billion estimate of analysts surveyed by LSEG."
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