Amazon Stock Slides Friday Amid Concerns About AI Spending, Soft Forecast

Category: Finance

Amazon's shares fell as analysts lowered price targets due to concerns over increased spending on AI and a weaker sales forecast. CEO Andy Jassy indicated a $100 billion capital expenditure plan primarily for AI infrastructure. While some analysts remain optimistic, they adjusted their price targets downwards, reflecting caution about the company's financial outlook amidst significant investments in AI by major tech firms.

Keywords: Amazon, AI spending, stock analysis

Source: Investopedia

Update At: 2/8/2025

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