AMZN Stock Price and Chart — BCBA:AMZN

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Amazon, along with Nvidia, Microsoft, Alphabet, and Meta, accounted for about 52% of the S&P 500's earnings growth in Q2, fueled by AI advancements.

Amazon (AMZN) aims to boost capital spending on AI, projecting around $340 billion in 2025, a 50% rise from 2024, highlighting its commitment to technology investment.

Amazon's expansion of its grocery delivery service has led to declines in stock prices for competitors in the Consumer Staples sector, specifically affecting Walmart and Kroger.

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About Amazon.com

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as amazon.com and amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

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