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00:02Amazon shares rose more than 1% on Tuesday, ending a 9-day losing streak that erased more
00:07than $450 billion in market value, according to CNBC. The stock fell about 18% between February
00:142nd and the 13th after the company's fourth quarter earnings report. Amazon said it plans
00:19to spend $200 billion in capital expenditures this year, nearly 60% more than last year,
00:25and more than $50 billion above Wall Street forecasts. Most of the spending will support
00:30AI infrastructure, while investors question the impact on free cash flow.
00:34Amazon CEO Andy Jassy told analysts he is confident the company's spending will yield strong returns
00:40on invested capital. Wedbush said Amazon is in prove-it mode after raising spending and warned
00:46the increase will remain an overhang until investors see tangible returns, while maintaining an
00:51outperform rating on the stock. For all things money, visit Benzinga.com.
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