Shares of the American IT giant fell due to AI costs
As a result of the quarterly report publication, shares of Amazon, one of the largest American IT companies, significantly dropped in price. In evening trading on February 5, a 10% decline was observed on the NASDAQ exchange; however, by the close of the session, the drop was reduced to 4.4%, as reported by Bloomberg. The company's financial results generally met analysts' expectations: revenue increased by 14%, reaching $213.4 billion, while net profit amounted to $21.2 billion.