Amazon Shock: Stock Crashes 8% as $200 Billion AI Spending Plan Stuns Wall Street
Key Points Amazon shares tumbled 8% on Friday after the company reported mixed fourth-quarter earnings and dramatically raised its long-term spending forecast to $200 billion. Here’s how Amazon performed compared with analyst expectations from LSEG: Wall Street also focused on key business segments: Massive AI Spending Push AMAZN said capital expenditures will keep climbing as … Read more
