- Amazon shares dropped Friday after the tech giant said it plans to spend over $100 billion this year to support its AI goals and offered a softer-than-expected sales forecast.
- Analyst… [+2396 chars]
Amazon Stock Slides Friday Amid Concerns About AI Spending, Soft Forecast - Investopedia
Amazon shares dropped Friday and some analysts lowered their price targets amid concerns about the tech giant's plans to ramp up spending on artificial intelligence and softer-than-expected sales forecast.
By:Andrew Kessel
Source:Investopedia
Published:
:max_bytes(150000):strip_icc()/GettyImages-2188101075-a99c173bc035416499c7079a36bf364f.jpg)
Related News
Trump Tariff Threat to Weigh on Risk Sentiment, European Stocks - Bloomberg.com
US President Donald Trump’s announcement of new tariffs on eight European countries over Greenland weighed on risk sentiment as trading kicked off Monday.
Bloomberg•Farah Elbahrawy, Julien Ponthus
Sequoia to invest in Anthropic, breaking VC taboo on backing rivals: FT - TechCrunch
Sequoia Capital is reportedly joining a blockbuster funding round for Anthropic, the AI startup behind Claude, according to the Financial Times. It's a
TechCrunch•Connie Loizos
EPA Rule Clarification Hits a Significant Source of Grok’s Electricity - Gizmodo
It seems xAI has been taking liberties with gas turbines that federal rules don’t actually tolerate.
Gizmodo.com•Mike Pearl