#CNBC Why Amazon’s CEO is ‘confident’ with $200 billion spending plan

Why Amazon’s CEO is ‘confident’ with $200 billion spending plan
Amazon’s stock plunged in extended trading Thursday, dragged lower by market jitters around the company’s $200 billion capex plans, the highest spending forecast among the megacap companies.

Amazon CEO Andy Jassy told investors he’s “confident” the company will see a return on its massive investments in artificial intelligence.

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