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Amazon (AMZN) Dips Ahead of Earnings on Cloud Unit Concerns and AI Investment Fears

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Amazon shares fell 2.1% ahead of earnings amid cautious investor sentiment over AI investment costs and valuation concerns.
  • Despite strong revenue and EPS history, cloud unit expectations and AI spending fears weigh on the stock alongside similar tech rivals' declines.
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AMZN price history

253.54 +10.39% over the displayed period

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