Tag: capital expenditure

SpaceX Shares Slide 10% as Surging AI Spending Overshadows First Earnings Report

SpaceX shares fell about 10% after its first earnings report revealed surging AI capital spending, even as Elon Musk moved up a $1 trillion revenue target

Amazon Shares Surge as Cloud Growth Bolsters Case for Heavy AI Spending

Amazon shares jumped about 10% after strong AWS cloud sales and a raised capital spending plan reassured investors on its heavy AI investment.

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