Discussion

• @stevekovach Steve Kovach on bluesky

  A caveat: we only have capex for Microsoft's fiscal 2025, which ends in June.  Microsoft has not given a capex estimate for calendar 2025.  So comparisons to Meta, Amazon, etc aren't perfect.  [embedded post]

• @quinnypig.com Corey Quinn on bluesky

  Yeah, generally you don't live long enough to spend $100 billion a second time.  [embedded post]

• @ericjhonsa Eric Jhonsa on x

  $AMZN says its Q4 capex ($26.3B) is “reasonably representative” of its expected 2025 capex run-rate, with the “vast majority” of the spend going towards AWS. Implies 2025 capex of ~$105B (for comparison, 2024 capex was around $77.7B).

• @modestproposal1 @modestproposal1 on x

  Looking at capex to gross profit of the big 4, capital intensity in 2025 is up ~12 points from the average of 2017-2022, i.e. pre GenAI era. MSFT is clearly up the most, more than doubling, while Amazon is actually down. [image]

• @danielnewmanuv Daniel Newman on x

  Good quarter for Amazon The sharp decline is all about a weak guide and a narrow miss on its Aws cloud business. We have seen this with basically all of the magnificent seven companies reporting. Especially the other cloud providers, including Microsoft and alphabet. We

• @munster_gene Gene Munster on x

  This chart captures Big Tech's Capex acceleration in the face of DeepSeek: [image]

• @firstadopter Tae Kim on x

  Amazon says that cheaper AI inference costs will lead to higher total spending, not less. As AI becomes more affordable, companies will increase their usage, according to AWS history

• @stockmarketnerd Brad Freeman on x

  “It is true that AWS could be growing faster if not for some of the capacity constraints today.” — $AMZN CEO Andy Jassy Just Now

• @amazon @amazon on x

  We released our Q4 earnings today—here are some highlights, created with the help of our AI-powered Amazon Nova Reel. [video]

• @thetranscript_ @thetranscript_ on x

  $AMZN CEO: AWS CapEx expansion signals strong long-term growth, especially in AI “So, when AWS expands its CapEx—particularly in what we believe is a once-in-a-lifetime business opportunity like AI—it's actually a strong indicator of long-term growth for AWS.” [image]

• @firstadopter Tae Kim on x

  DeepSeek experts said Big Tech would now cut capex. Amazon just raised 2025 capex to $105 billion versus $84 billion estimate.

• @beth_kindig Beth Kindig on x

  Amazon $AMZN guided for Q1 revenue of $151.0 to $155.5 billion (5-9% growth), well below the estimate for $158.3 billion (10.5% growth) due to FX impacts and comp against Leap Year sales.

• @thetranscript_ @thetranscript_ on x

  $AMZN CEO on why they are investing heavily in AI: “AI represents for sure the biggest opportunity since cloud in probably the biggest technology shift and opportunity in business since the Internet...I think that both our business, our customers & shareholders will be happy

• @thetranscript_ @thetranscript_ on x

  Amazon [@amazon] 2024 segment sales [YoY] —AWS: +19% to $107.6B —North America: +10% to $387.5B —International:+9% to $142.9B —Consolidated: +11% to $637.9B $AMZN [image]

• @toddbishop @toddbishop on x

  Here are Amazon's quarterly results for the three months ended Dec. 31 2024, in four charts. $AMZN [image]

• @thetranscript_ @thetranscript_ on x

  $AMZN CEO: “...sometimes people assume that if you're able to decrease the cost of any type of technology component—in this case, we're really talking about inference—it will somehow lead to less total spending on technology. We have never seen that to be the case.” [image]

• @beth_kindig Beth Kindig on x

  Amazon expects capex to be ~$104 billion in 2025, following Meta, Microsoft and Alphabet in increasing capex forecasts. Combined, Big Tech is on track to spend $320 billion next year, up from $250 billion in 2024.

• @thetranscript_ @thetranscript_ on x

  $AMZN CEO: “It is hard to complain when you have a multibillion-dollar annualized revenue run rate business in AI like we do & it's growing at a triple-digit percentage YoY....However, it is true that we could be growing even faster if not for some of the constraints on capacity”

• @thetranscript_ @thetranscript_ on x

  $AMZN CEO: “In Q4, AWS grew 19% YoY & now has a $115B annualized revenue run rate. ...though we expect growth will be lumpy over the next few years as enterprise adoption cycles capacity considerations and technology advancements impact timing, it's hard to overstate how [image]

• @thetranscript_ @thetranscript_ on x

  $AMZN CEO on DeepSeek & inference costs: “The cost of inference will substantially decrease. What you heard in the last couple of weeks at DeepSeek is just one piece of this, but everyone is working on it” [image]

• @munster_gene Gene Munster on x

  The AI trade is alive and well. $AMZN guided Capex to over $100B for FY25, roughly 20-25% above consensus.

• @danielnewmanuv Daniel Newman on x

  I know so many people are reeling over this .01% miss on AWS forecast But I would love to take this moment to point out that this business has generated a 35% CAGR over 10 years. And is now on a run right to over $115 billion annual sales. Not too shabby if I may say so

• @amazonnews @amazonnews on x

  We just announced our Q4 2024 earnings: 🔶 Total net sales +10% Y/Y to $187.8B 📦 North America sales +10% to $115.6B 🌍 International sales +8% to $43.4B 💻 AWS sales +19% to $28.8B ⬆️ Total operating income increased to $21.2B https://press.aboutamazon.com/ ...

• @firstadopter Tae Kim on x

  $105 billion in capex guide for Amazon 2025. Nvidia wins again. DeepSeek capex bears lose again. Amazon says AI is the biggest opportunity since internet

• @munster_gene Gene Munster on x

  $AMZN Capex spend for the quarter came in 28% higher than expectations and up 91% y/y. Before the AI trade can take a Capex victory lap, we need to hear the Capex guidance on the call. More to come.

• r/StockMarket r on reddit

  Amazon set to report earnings after the bell

• @tvgrimreaper @tvgrimreaper on x

  The two companies losing the most money on their streaming businesses have both the luxury of it being a hobby level expense, and not having to give the public any real financial information about it.