Amazon Shares: Corning Deal Puts Focus on AI Spending
Amazon.com traded lower Monday after shedding early gains, as a fresh multibillion-dollar deal with Corning threw the spotlight on the costs behind its AI data-center push. Shares were last down 0.6% at $244.50. Corning was up 6.3%. Amazon is under pressure to show that more spending on AI hardware will drive growth at its cloud arm, Amazon Web Services, instead of just slowing cash flow. Optical fiber is key to this effort. The thin glass wires shuttle data at high speed, linking chips, servers and sites inside Amazon’s expanding data center network.
