Why Even Mega-Bull Dan Ives Lowered His Price Target on Amazon Stock After the CapEx Shock

Over the past few months, mega-cap tech stocks have been caught in an unusual tech tug-of-war: investors are thrilled about AI growth but jittery about how much it will cost to build the infrastructure needed to deliver that AI future. Big names like Alphabet (GOOG) (GOOGL) and Microsoft (MSFT) have seen share prices dip after eye-popping capital expenditure plans flooded into the market alongside earnings reports. In this climate, Amazon’s (AMZN) latest quarterly report triggered its own selloff, not be ...