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Amazon swings to $42.4 billion free cash outflow as AI spending rallies

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Amazon swings to $42.4 billion free cash outflow as AI spending surges.

AWS posted its fastest growth in nearly five years, but investors focused on the bill for building it.

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Summary

Amazon showed that a business can grow fast and still worry its shareholders. A year earlier, that same measure was an inflow of $14.8 billion. Shares closed down 4.3% on October 29, the day Amazon released its third-quarter results. Start with the good news, because there was plenty of it.

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