7 days ago
Amazon Investors Search for Signs of AI Lift With Shares Lagging
Aggressive spending on artificial intelligence is mostly being rewarded in the stock market these days. But when it comes to Inc., not so much.
Amazon's shares have gained about 3% this year despite the company's heavy outlays on AI, which it is touting as a path to greater efficiency and higher sales growth. That's left the stock lagging the S&P 500's 7% gain, while a peer like Meta Platforms Inc., which is sparing no expense in its quest for AI dominance, is up more than 20%.
