US EditionAmazon snaps 9-day losing streak during which it lost more than $450 billion in value
Amazon's shares rose after a nine-day slide that erased $450 billion in value amid investor concerns over a $200 billion AI-focused capital expenditure plan.
- On Tuesday, Amazon shares whipsawed after a slide that erased about $450 billion since February 2, as investors questioned its AI spending plans.
- Investors grew concerned over the company's AI-driven spending as Amazon said it expects to spend $200 billion in capital expenditures this year, a nearly 60% increase, raising worries about free cash flow.
- Market declines extended to big-cap peers during the selling pressure as Microsoft and Alphabet headed for their fifth straight negative session, with Alphabet sliding more than 1% on Tuesday.
- Wedbush analysts warned the company is in 'prove it mode', while Andy Jassy, CEO of Amazon, said the spending will 'yield strong returns on invested capital' and Matt Garman, CEO of Amazon Web Services, said the capex boost will enable AI cloud opportunities.
- Industrywide capex could reach $700 billion this year as Alphabet, Microsoft, Meta and Amazon focus most new spending on AI infrastructure like data centers, chips and networking equipment.
9 Articles
9 Articles
Stock Market Today, Feb. 17: Amazon Rises After Nine-Day Slide Ends on AI Investment Reassessment
Amazon (NASDAQ:AMZN), online retail, cloud services, and digital streaming leader, closed Tuesday at $201.15, up 1.19% after snapping a nine-day losing streak tied to concerns over its planned $200 billion AI investment program. The stock’s rebound is coming as coverage highlights the outsized profit contribution from Amazon Web Services and investors are watching how future AI-related capital spending shapes growth and margins.Trading volume re…
Amazon Rebounds After Historic Slide as $200 Billion AI Bet Faces Market Scrutiny
Amazon’s plan to spend $200 billion in capital expenditures this year—nearly 60% higher than last year—has placed it at the center of investor concerns about AI-driven free cash flow compression. A modest rally in Amazon shares on Tuesday ended one of the stock’s most severe losing streaks in nearly two decades, but it did little […] The post Amazon Rebounds After Historic Slide as $200 Billion AI Bet Faces Market Scrutiny appeared first on Teke…
Amazon faces historic stock decline, losing $450B amid AI spending concerns – #CryptoUpdatesGNIT
Stock nears longest losing streak since 1997 as investors question AI spending returns. Amazon, the e-commerce and cloud computing giant, has shed roughly $450 billion in market value since early February during a losing streak that could match the company’s longest run of daily declines on record. Should the stock close lower, it would mark a tenth consecutive negative session, matching a streak last seen in 1997. The selloff has erased about …
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
