BusinessPhoto: NDTV BusinessAmazon Shares Fall as Spending Rises and E-commerce Growth Slows
Amazon.com Inc. shares fell after reporting $77 billion in third-quarter capital spending, exceeding analyst expectations. The company focused on building data centers and AI services. Third-quarter sales rose 12% to $201.9 billion, below forecasts. Cloud unit AWS sales grew for the sixth consecutive quarter, while online sales increased just 2%, the slowest since early 2023. Advertising sales rose 11%, the slowest since 2020.
NDTV Business·


