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Amazon Fell 4.6% Today Because Other Companies Said They Would Spend More Money. It Reports July 30.

The Motley Fool·
Amazon Fell 4.6% Today Because Other Companies Said They Would Spend More Money. It Reports July 30.

Amazon stock fell 4.6% on Thursday after Alphabet and Tesla announced increased capital spending plans, raising investor concerns that Amazon may also raise its $200 billion AI capex guidance when it reports Q2 results on July 30. The decline occurred despite no news from Amazon itself, as the market repriced the stock based on competitors' spending announcements and a Senate inquiry into Amazon's marketplace.

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