Wall Street is starting to waver when it comes to the extraordinary amount of money being poured into AI projects, so Amazon has a pitch to try to quell concern: spending through it. The company announced Monday new plans to spend $12 billion building new data centers in northwestern Louisiana, according to CNBC.

While this fourth-quarter purchase might seem like cause for celebration, investors would be wise to temper their expectations.

Amazon takes 5.3% stake in BETA Technologies, shares higher. Moderna drops after FDA refuses to file for mRNA-1010 influenza vaccine. Estée Lauder sues Walmart for selling counterfeits.

Amazon's median target price of $262 per share currently implies 24% upside, making it the best trillion-dollar stock to buy now, according to Wall Street. Amazon shares have dropped 10% since its second quarter earnings report because investors were ...

View post: Amazon is selling a ‘versatile’ 19-piece cookware set for only $100, and it's a 'game changer in the kitchen’ However, the rollout occurs at a time of increased pressure from both within and outside the tech giant, putting Amazon investors ...