Tiger Newspress02-06 09:18
Amazon on Thursday projected a surge of more than 50% in capital expenditures this year, joining its peers in a spending spree to build out artificial-intelligence infrastructure, and sending its shares down over 10% in overnight trading.
Storage shares slid in overnight trading. SanDisk, Micron down over 4%; Western Digital down over 3%; Seagate Tech down over 2%.
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