Amazon CFO Says Sees CAPEX Higher In Q2 Through Q4 Compared To Q1; Says Generative AI At 'Multi-Billion Dollar' Run Rate
Portfolio Pulse from Benzinga Newsdesk
Amazon's CFO announced during a conference call that the company expects higher capital expenditures (CAPEX) from Q2 through Q4 compared to Q1. Additionally, the CFO highlighted that generative AI is at a 'multi-billion dollar' run rate, indicating significant investment and growth in this area.
April 30, 2024 | 8:45 pm
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Amazon's forecast of increased CAPEX and significant investment in generative AI suggests a strategic focus on growth and technology development.
The announcement of higher CAPEX indicates Amazon's commitment to expanding and improving its operations, which could lead to increased efficiency and revenue in the long term. The emphasis on generative AI, a cutting-edge technology, suggests Amazon is investing in future growth areas, potentially boosting its competitive edge and stock value.
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