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Amazon (AMZN) Soars on AWS AI Growth Ambition Despite $200B Capex Commitment

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The Story

News Summary

  • Amazon CEO Andy Jassy projects AWS sales could double to $600 billion in 10 years driven by AI, despite heavy $200 billion capex for AI infrastructure.
  • Drone deliveries near one million milestones, while Fresh and Go stores remain minor contributors to grocery sales.
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AMZN price history

253.07 +10.43% over the displayed period

Advisor Snapshot

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