Amazon’s Extreme AI Spending Sends Stock to Worst Month in Years

Amazon.com Inc. may be a leader in the artificial intelligence race, but investors are increasingly unwilling to pay up for the cost of maintaining that position. Shares of the e-commerce and cloud computing giant plunged 12% in February, their worst month since December 2022, as Wall Street takes an increasingly jaundiced view of the company’s aggressive AI spending plans. Not only are the capital expenditures eating into Amazon’s free cash flow, but market pros are growing impatient about when they’ll p ...