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Amazon (AMZN) Stock Plummets on AI Spending Fears and Italian Tax Probe

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The Story

News Summary

  • Amazon's stock plunged over 16% in a week, losing $400 billion in market cap due to AI spending worries, despite Q4 revenue beating estimates.
  • Meanwhile, an Italian tax probe targets Amazon’s Milan office over alleged undisclosed operations from 2019-2024.
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AMZN price history

253.54 +10.39% over the displayed period

Advisor Snapshot

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