Amazon's About to Spend a Lot More. Here's Why That Makes the Stock an Even Better Buy.
The Motley Fool
MAY 3, 2024
Amazon (NASDAQ: AMZN) has been one of the hottest mega-cap stocks on the market. Its shares have soared nearly 20% year to date and are up more than 70% over the last 12 months. The company revealed in its first-quarter update on Tuesday that it plans to increase capital expenditures in the coming quarters. Does this increased spending diminish Amazon's prospects?
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