Amazon spent more than $77 billion on property and equipment in the third quarter, far exceeding analysts' expectations. The company continues to build data centers to meet demand for artificial intelligence services. High capital expenses led to free cash outflows of $42.4 billion this quarter. The company also disclosed a 12% year-on-year increase in revenue to reach US$2019 billion. The revenue growth rate of the cloud business Amazon Web Technology increased for the sixth consecutive quarter, but Amazon's core online retail business showed signs of weak growth. AWS's growth has accelerated this year, benefiting from orders from AI companies such as OpenAI and Anthropic. Both companies partially rely on the Amazon server operating model. Amazon continues to expand its data center clusters to improve the computing power supply capacity for enterprise customers. Amazon said in July that due to a shortage of memory chips suppressing supply, capital expenditure is expected to rise to 220 billion US dollars in 2026. The stock closed at $243.79 in the New York market, falling more than 6% after the market; as of Thursday's close, the stock had accumulated an increase of 5.6% during the year.

Amazon spent more than $77 billion on property and equipment in the third quarter, far exceeding analysts' expectations. The company continues to build data centers to meet demand for artificial intelligence services. High capital expenses led to free cash outflows of $42.4 billion this quarter. The company also disclosed a 12% year-on-year increase in revenue to reach US$2019 billion. The revenue growth rate of the cloud business Amazon Web Technology increased for the sixth consecutive quarter, but Amazon's core online retail business showed signs of weak growth. AWS's growth accelerated this year, benefiting from orders from AI companies such as OpenAI and Anthropic, both companies partially rely on the Amazon server operating model. Amazon continues to expand its data center clusters to improve the computing power supply capacity for enterprise customers. Amazon said in July that due to a shortage of memory chips suppressing supply, capital expenditure is expected to rise to 220 billion US dollars in 2026. The stock closed at $243.79 in the New York market, falling more than 6% after the market; as of Thursday's close, the stock had accumulated an increase of 5.6% during the year.