Amazon Drops, Stellantis Falls, Software Stocks ETF Bounces After 8 Day Slump
On this episode of Stock Movers:- Amazon.com Inc. (AMZN) is down 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.- Stellantis (STLA) is taking more than €22 billion ($26 billion) in charges mainly linked to reversing course on its electric vehicle strategy, prompting a record plunge in the Jeep and Fiat owner’s shares.- Software stocks ETF (IGV) bounces. An exchange-traded fund tracking software makers rebounded, while…
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