Barron's·2 min read·medium
Why Amazon (AMZN) Stock Is Jumping 10% Despite a Massive AI Capex Hike - Barron's
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Adam Levine
✦AI Summary
Amazon shares rose 10% in after-hours trading following a strong second-quarter earnings report. The stock surge occurred despite the company's announcement of a significant increase in capital expenditure related to AI infrastructure.
Amazon.com reported strong second-quarter earnings on Thursday afternoon. Its shares were up as much as 10% in after-hours trading, even as the company said it would be increasing its capital expendi…
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