Key facts: Amazon forecasts $200B in capital expenditures; stock down 13%; Berkshire cuts stake by 77%
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Amazon.com projected its 2026 capital expenditures to be around $200 billion, emphasizing its substantial investment in AI data centers.1Amazon's stock has declined approximately 13% this year, primarily due to investor concerns regarding the costs and impacts associated with artificial intelligence.2Berkshire Hathaway reduced its stake in Amazon.com by 77% as part of a broader portfolio adjustment, which also involved selling off positions in Bank of America and Apple.3
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