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Amazon (AMZN) Soars on Massive AI Capex Push as AWS Drives Cloud Growth

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The Story

News Summary

  • Amazon is ramping AI-focused capex—$31.4B in Q2 and likely >$100B annually—to scale AWS and AI services; Microsoft and Alphabet are also sharply increasing AI investment, boosting cloud competition while pressuring near-term AWS margins.
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AMZN price history

251.19 +7.40% over the displayed period

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