Amazon shares sink as Big Tech's AI spending plans worry investors

Core Viewpoint - Amazon shares experienced an 8% decline in premarket trading due to concerns over the company's significant capital expenditure plans, which have heightened investor anxiety regarding the broader trend of Big Tech's spending on artificial intelligence [1] Group 1 - Amazon's capital expenditure plans are perceived as hefty, contributing to investor worries [1] - The decline in Amazon's shares reflects a broader concern among investors about the spending habits of major technology companies on artificial intelligence [1]