Amazon misses Q3 estimates despite 39% jump in AWS cloud revenue

Amazon's third-quarter revenue and earnings per share fell short of analyst expectations, though its cloud arm, Amazon Web Services, beat forecasts with 39% year-on-year growth. Investors were rattled by cash burn: trailing 12-month free cash flow slipped to a negative $42.4 billion, compared with a positive $14.8 billion a year earlier, driven largely by heavy spending on artificial intelligence.