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via finance.yahoo.comBusiness & Companies

Amazon's AI spending spooks investors: capex above expectations and slowest e-commerce growth in three years

FROM THE WIRE · FINANCE.YAHOO.COM

Amazon reporting higher-than-expected capex and its slowest e-commerce growth in three years adding to concerns over Big Tech's massive AI spending. Citizens Equity Research analyst Andrew Boone weighs in on Bloomberg Open Interest. Video Transcript 00:00 Speaker A Andrew, do…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA mega-cap with higher-than-expected capex and slow growth can weigh on the stock and the AI sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Amazon reported higher-than-expected capex.
  2. 02E-commerce growth was the slowest in three years.
  3. 03CEO Andy Jassy said AWS could become a trillion-dollar business in 5 to 10 years.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Amazon.com, Inc.AMZNStock237.25 USD-0.94%today -2.68%Negative Alphabet Inc.GOOGStock275.61 USD-0.64%today -2.38%Negative Microsoft CorporationMSFTStock518.85 USD-0.34%today -2.13%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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