Amazon.com Inc. (AMZN) share price dropped about 7% after-hours on Thursday after the e-commerce giant reported third-quarter capital expenditures that heavily outpaced Wall Street projections, underscoring investor anxiety that the AI buildout might not transform into adequate revenue.

Amazon Web Services sales are projected to grow 38%, marking a fifth consecutive quarter of revenue expansion.

The FIA has partnered with Amazon Web Services to use artificial intelligence in developing future Formula 1 regulations

Amazon Web Services announced plans to help customers incorporate generative AI technology into their businesses, in what is AWS’ answer to the excitement sparked by the release of OpenAI’s ChatGPT. Though the Microsoft-backed startup initially stole Amazon’s thunder ,

AI announced a strategic collaboration agreement (SCA) with Amazon Web Services, Inc. (AWS) to bring a new suite of AI agents to banking, financial services, and insurance (BFSI) leaders—built to complete critical operational workflows,

Investors are looking for another quarter of strong growth from Amazon Web Services, the company's cloud business. Wall Street expects AWS sales to have hit $45.2 billion in the third-quarter, which would translate to growth of 36.

Amazon plans to sell its Trainium AI chips outside AWS in late 2027, citing demand, with over $225 billion in commitments from labs like OpenAI.

Amazon's cloud business is growing faster than it has in years. But building it costs a lot, and investors are starting to notice the bill.