AMZN — Amazon.com, Inc. - Common Stock
Session close: $262.37. Regular-session share volume: 24,648,734. Change from previous close: -0.10%.
Key developments
Session coverage revisited an earlier report that some Amazon Nvidia racks remain warehoused because data centers lack power, delaying revenue amid heavy AI spending and negative free cash flow. Amazon defended staging hardware near deployment sites and disputed claims that AWS lacked a broader deployment plan; the unused equipment’s value remains unknown.
Anthropic’s reported draft IPO filing disclosed payments to Amazon even if contracted capacity goes unused, supporting cloud-demand visibility. Amazon also defended spending by citing AWS growth, backlog and server payback economics.
Anthropic Has Over $600 Billion in Compute Contracts — And It's Not Enough · Amazon's Nvidia Chips Are Sitting in Warehouses Without Power as AI Spending Soars, Business Insider Reports · 3Business and AWS Launch AI Marketplace in Hong Kong
In a limited, unverified X sample, posters highlighted potential automation-driven margin gains and contrasted Amazon’s described autonomous-purchasing restrictions with Walmart’s approach. These opinions do not establish the cause of Amazon’s session move; broader AI-rally reporting was only an intraday snapshot.
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