Amazon Stock Plunges Ahead of Earnings Report Amidst AI Spending Concerns
Amazon's stock has fallen sharply ahead of its July 30 earnings report due to concerns over AI spending, regulatory scrutiny, and weakening cash flow.
The company's aggressive investment strategy in AI and cloud infrastructure is being questioned by investors amidst rising competition.
Regulatory pressure is also mounting, with a U.S. Senate committee investigating allegations of Chinese influence on Amazon's online marketplace.