Jassy also pointed to rapid growth in Amazon's custom chip business, as large tech companies develop their own processors to cut dependence on costly Nvidia AI chips.
Amazon CEO Andy Jassy on Thursday released his annual shareholder letter and once again made the case to Wall Street investors that the company's huge investments in artificial intelligence are worthwhile.
Amazon CEO Andy Jassy published his annual letter today. Jassy gave many reasons to be bullish on Amazon's AI business going forward.
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Amazon (NASDAQ:AMZN | AMZN Price Prediction) shares are up 5% in Thursday's session, climbing from $221.25 to $232 as of midday.
Amazon paid CEO Andy Jassy nearly $2.1 million last year, according to a company filing. The e-commerce giant shelled out more money for Jassy's security and travel during the year.
Amazon will continue to bet big on artificial intelligence (AI), Amazon CEO Andy Jassy said in a 2025 Letter to Shareholders posted Thursday (April 9). Jassy said that while investment spikes invite scrutiny, AI is a game-changer that will reinvent every customer experience.
Jason Brown (@brownreport) returns to Big 3 and offers stocks he sees adding muscle to the AI infrastructure theme. He sees Amazon (AMZN) "at the beginning, not the end" of its AWS capabilities, Cisco (CSCO) benefitting from hyperscaler and neocloud orders, and CrowdStrike (CRWD) serving as a crucial backbone for software as AI buildout continues.
Amazon's 2025 Shareholder Letter was chock-full of insight into the company's strategy and future plans. CEO Andy Jassy said one business is "on fire," and "much larger than most think.
There is a widening disconnect between growth in AI spending and lower share prices. Amazon has two large businesses to monetize AI: cloud computing and e-commerce.