Amazon shares tumble as $200B AI spending spree rattles investors

Source: New York Post

Amazon on Thursday projected a surge of more than 50% in capital expenditures this year, joining its peers in a spending spree to build out artificial-intelligence infrastructure, and sending its shares down 9% in after-hours trading. It is the latest sign that Big Tech will not be hitting the brakes any time soon on hefty AI investments.  Amazon shares closed down 4.