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Amazon (AMZN) Tumbles on $200B AI Spending Plans Despite Record Revenue and AWS Growth

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The Story

News Summary

  • Amazon posted record revenue and strong AWS growth but shares plunged over 11% after unveiling $200 billion 2026 AI-related capital expenditures, raising concerns over near-term returns and capital efficiency amid intense Big Tech AI investment competition.
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AMZN price history

256.78 +13.48% over the displayed period

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