Amazon stock slides after $12 billion Louisiana data-center plan as AI spending fears linger
Amazon shares fell 2.3% to $205.27 after the company announced a $12 billion data-center project in Louisiana, part of a 2026 capital spending plan expected to reach $200 billion. The stock is down 9.4% this year. Investors await Nvidia’s earnings Wednesday for signals on AI infrastructure demand. Amazon said the Louisiana buildout will create 540 full-time jobs and fund $400 million for local water infrastructure.