Amazon stock rises in premarket as Fed minutes loom and AI spending nerves ease
Amazon shares rose 1.5% in premarket trading Wednesday, extending gains after a volatile period tied to concerns over AI spending. A major Nvidia-Meta chip deal lifted tech sentiment ahead of Federal Reserve minutes. Investors remain focused on Amazon’s $200 billion 2026 capital spending plan and its impact on cash flow. Recent filings showed Tiger Global trimmed Amazon holdings while D.E. Shaw added to its position.