Cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) in Q4 CY2024, with sales up 10.5% year on year to $187.8 billion. On the other hand, next quarter’s revenue guidance of $153.3 billion was less impressive,

Amazon on Thursday reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped in after-hours trading due to disappointing guidance for the current quarter.

Amazon.com shares slipped Thursday after it projected weaker-than-expected sales for the first quarter, even as it spent a record amount on capital expenditure to build infrastructure for artificial-intelligence services.