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Amazon (AMZN) Slides on Massive AI Capex Spike Amid Tech Selloff

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The Story

News Summary

  • Amazon shares plunged after announcing a 50%+ rise in capital expenditures focused on AI infrastructure, fueling investor worries about spending outpacing near-term returns amid a broader tech selloff.
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AMZN price history

256.78 +13.48% over the displayed period

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