Amazon's overall revenue increased 12% to $201.9 billion, and net income was $20.7 billion. Both were below analysts' estimates polled by FactSet. Shares were down about 7% in postmarket trading.
-- Revenue from Amazon Web Services was $46 billion, accounting for 39% growth year-over-year, the company said.
-- Spending on artificial intellligence is top of mind for big tech investors. Amazon has said it is planning to spend $220 billion on capital expenditures this year, largely to build AI data centers.
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