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Amazon (AMZN) Tumbles 11.5% on Soaring Capital Expenditure Guidance Amid Tech Selloff

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

News Summary

  • Amazon shares plunged 11.5% after forecasting a 50% capital expenditure increase, amid a broader tech selloff and concerns over AI risks and labor market pressures, intensifying market volatility and raising recession fears.
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AMZN price history

251.47 +9.74% over the displayed period

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