Stock Market Today: Nasdaq Futures Slip; Bitcoin Steadies

Core Viewpoint - Amazon's significant increase in AI spending has led to a selloff in after-hours trading, raising concerns among investors about the sustainability of its profitability amidst rising costs [1] Group 1: Financial Performance - Amazon reported a 20% year-over-year increase in revenue, reaching $143 billion for the last quarter [1] - Operating income decreased by 10% to $5 billion, indicating pressure on margins due to increased investments in AI and other technologies [1] Group 2: AI Investment Impact - The company has ramped up its AI investments, with spending increasing by 30% compared to the previous quarter, reflecting a strategic shift towards enhancing its technological capabilities [1] - Analysts are concerned that the aggressive spending on AI may impact short-term profitability, leading to a cautious outlook among investors [1] Group 3: Market Reaction - Following the earnings report, Amazon's stock experienced a decline of 5% in after-hours trading, signaling investor apprehension regarding the company's future financial performance [1] - The market's reaction highlights the sensitivity of investors to changes in spending patterns, particularly in high-growth areas like AI [1]