Amazon stock price jumps as Wall Street rethinks $200 billion AI bet
Amazon shares rose 2.3% to $210.14 on Monday, outpacing the S&P 500 and Nasdaq after a bullish analyst note and a Wall Street rebound. The gain follows an 11% drop this year amid scrutiny of Amazon’s $200 billion AI-driven capex plan. AWS revenue rose 24% last quarter to $35.6 billion, but rivals grew faster. Amazon raised $54 billion in bonds this month to fund expansion.