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Amazon AI Boom vs Market Jitters | Business and Finance News
Description
Amazon’s stock tumbled 12% as AI-driven tech stocks falter, but beneath the surface, AWS is thriving—fueling revenue with 28% YoY growth and exploding AI tool adoption. Strands and Kiro saw downloads and enterprise users surge, proving demand is real. Yet, with $200B in capital spending this year, investors fret over competition and potential price wars. CEO Andy Jassy counters: this is a long-term infrastructure play, echoing Amazon’s past resilience. Patience, he says, will pay off.
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