Business, Finance & Tech

Amazon Shares Drop 4% After AI Spending Plans and Soft Sales Forecast

Name: Amazon Shares Drop 4% After AI Spending Plans and Soft Sales Forecast
Uploaded: 2025-02-10T13:15:00-08:00
Channel: NBC Palm Springs
Description: Amazon’s stock tumbled 4% Friday as the company announced plans to invest over $100 billion in AI this year, alongside a weaker-than-expected sales forecast. Analysts remain bullish but some have lowered price targets. Meanwhile, a broader tech sell-off hit markets, with Meta as the standout performer.

By: NBC Palm Springs

February 10, 2025

Amazon stockAI investmentAmazon earningstech selloffMeta stockGoogle stockApple stockmarket downturn

Link Copied To Clipboard!

Firebirds Playoffs Tickets Advertisement

More Headlines>>>