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Alphabet (GOOGL) and Amazon (AMZN) Stocks Tumble on Massive AI Spending Plans

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Shares of Alphabet and Amazon plunged sharply after announcing massive AI infrastructure investments, fueling investor skepticism about ROI.
  • The tech sector faced broad selling amid AI-related labor cuts, though broader market fundamentals remain healthy with a late-week rebound.
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AMZN price history

248.42 +8.40% over the displayed period

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