Category: World News
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Amazon’s Capital Spending Surges by 50%, Shares Experience Downturn
Reuters – On Thursday, Amazon announced a projected increase of over 50% in capital expenditures for this year, aligning with its industry peers in a significant investment push to develop artificial intelligence infrastructure. This announcement led to an 11.5% drop in its shares during after-hours trading. The news that Amazon plans to invest $200 billion
