Jeff Bezos sold 25 million shares of Amazon, netting 5.7 billion USD. These sales, executed under a 10b5-1 program, beneficially coincided with the stock’s 38% rise since April.
The upcoming Q2 earnings release on July 31 is expected to show 162 billion USD in revenue and 1.32 USD earnings per share, raising questions about Amazon’s AI investments outcomes.
Analysts are skeptical about whether Amazon can turn its substantial AI spending into profits. The company is also investing heavily—104 billion USD this year—to bolster technology capabilities.
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