Amazon Shares Drop 7% After Capital Spending Exceeds Expectations
Amazon shares fell about 7% after hours Thursday after third-quarter capital expenditures heavily outpaced Wall Street projections. The report also noted cooler e-commerce growth.
Amazon.com Inc.(AMZN) share price dropped about 7% after-hours on Thursday after the e-commerce giant reported third-quarter capital expenditures that heavily outpaced Wall Street projections, underscoring investor anxiety that the AI buildout might not transform into adequate revenue.The company s…