E-commerce and tech giant Amazon reported mixed fourth-quarter results. Announcements of additional spending on the company's already massive AI efforts were not well received in after-hours trading on Wall Street.
TechnologyThe tech-heavy Nasdaq Composite Index rose 0.6 percent on Friday, led by Amazon, which delivered a strong report.
BusinessAmazon beat the high expectations for its market-leading cloud service AWS in its interim report. The stock rose almost 10 percent in early after-hours trading on the New York Stock Exchange.
BusinessThe American e-commerce giant Amazon partially exceeded expectations in its quarterly report after the stock market closed in New York on Thursday. However, the company also provided several announcements that were received negatively and the stock fell in after-hours trading.
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