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Under the pressure of AI investment, cloud demand is showing a red light, and Amazon's guidance for the third quarter is inferior.
In the second quarter, Amazon's revenue and operating profit growth slowed to 10% and 91%, respectively, still exceeding expectations, and AWS cloud business revenues grew nearly 19% higher than expected. In the third quarter, revenue guidance is set to increase by a minimum of 8%, marking the slowest growth rate in over a year and a half, and operating profit guidance is greatly slowed and is expected to increase by less than 3%, reflecting the unexpected scale of investment in AI services.
A new chapter in the US stock market? The financial reports of the 'Seven Sisters' are coming out in succession, with a focus on AI capital expenditures.
Last week, the financial reports of Tesla and Alphabet caused a round of tech stock decline. This week, the US stock market welcomes the financial reports of Mag 7, including Amazon, Apple, Meta, and Microsoft, and the market has already begun to tremble.
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