Amazon Stock Slides As $200 Billion AI Spending Plan Spooks Investors
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Amazon's stock has slid after the company announced a $200 billion spending plan for artificial intelligence, sparking concerns among investors about potential returns. The spending plan, combined with a cautious profit outlook, has reportedly led to a significant decline in the company's stock. The extent of the decline is reported to be around 9%, although the company had previously experienced a lengthy losing streak with substantial losses in value.
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