In 2023, Amazon's capital expenditures were $48.4 billion. Jassy said the increased spending is driven by generative AI, which he described as a "maybe once-in-a-lifetime type of opportunity." "The ...
On the upside, the 55-day Simple Moving Average (SMA) at $71.68 remains the first level to reclaim. Next up, the hefty technical level at $75.01, with the 100-day Simple Moving Average (SMA) and a few ...