Stocks
Amazon Surges 15%, Apple Plummets 7% Amid AI Infrastructure Bets
Amazon's stock price surged by approximately 15% in a single trading session after the company outlined an aggressive investment strategy involving around $220 billion in capital spending.
The move reflects confidence that demand trends will remain strong through 2028, with Amazon positioned to benefit from artificial intelligence infrastructure and cloud computing.
In contrast, Apple's shares declined roughly 7% following a warning about supply constraints potentially affecting production and availability of major products, including the iPhone, Mac, and iPad.