Amazon trades near $238 after $17.5B AI loan brings focus back to spending plans
Amazon secured a $17.5 billion loan facility to fund AI infrastructure, keeping shares near $238 after a 2.53% drop Wednesday, as investors weigh the impact of heavy AI spending on free cash flow, which fell to $1.2 billion from $25.9 billion year-over-year, while first-quarter net income jumped to $30.3 billion.