:max_bytes(150000):strip_icc()/GettyImages-2188101075-a99c173bc035416499c7079a36bf364f.jpg?resize=1500,1000&ssl=1 "Amazon Stock Slides Friday Amid Concerns About AI Spending, Soft Forecast")
Key Takeaways
- Amazon shares dropped Friday after the tech giant said it plans to spend over $100 billion this year to support its AI goals and offered a softer-than-expected sales forecast.
- Analysts have remained largely bullish about the stock’s upward trajectory, but some cut their price targets in the wake of Thursday’s earnings call.
- Shares of Amazon dropped about 4% Friday, though even with Friday’s losses, they’ve gained nearly a third of their value over the past 12 months.
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Article Source
https://www.investopedia.com/amazon-stock-slides-friday-amid-concerns-about-ai-spending-soft-forecast-8788167
