The $450 billion question: Can Amazon’s AI gamble justify historic market carnage?
Amazon’s stock rebounded slightly after a historic nine-day losing streak that erased over $450 billion in market value, triggered by a massive $200 billion spending plan for 2024. The unprecedented capital expenditure, a 60% surge from 2023, is primarily for artificial intelligence infrastructure, sparking investor fears over severely reduced free cash flow. This aggressive spending […]