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Amazon's AI Bet Drives Stock Surge | Durham News
Amazon’s stock soars 15% after a blockbuster Q2 earnings report—revenue hit $200 billion, up 20%, and net income jumped 240%. But much of that gain? Thanks to a $53 billion paper gain from its Anthropic AI investment. Meanwhile, Amazon’s cash flow is bleeding: negative $7.6 billion in free cash flow, and it just dumped another $21 billion into OpenAI. Analysts at Morgan Stanley still love AWS and see big AI growth ahead—but with Meta eyeing cloud infrastructure and massive AI bets yielding no immediate profits, the future looks both dazzling and risky. Listen in comfort:Get a discount on a…
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