Amazon, Coty Plunge on Earnings; Crypto Rises
Today's biggest winners and losers in the stock market. Amazon (AMZN) shares fall after the company announced plans to spend $200 billion this year on data centers, chips and other equipment, worrying investors that its colossal bet on artificial intelligence may not pay off in the long run.The company reported spending roughly $130 billion on property and equipment in 2025. Analysts anticipated those expenses would reach about $150 billion this year. Strategy (MSTR) shares rise, along with other crypto companies, after bitcoin surged the most in almost three years to recoup almost all of the…
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