Amazon Is Pouring About $220 Billion Into AI This Year, and Insuring Its Debt Costs 50% More Than in August
Amazon (Nasdaq: AMZN) is spending about $220 billion on AI this year, its free cash flow has turned negative, and insuring its debt costs 50% more than in August. 24/7 Wall Street Chief Investment Officer Eric Bleeker details why the…
Eric Bleeker, CFA has been investing for more than 20 years. He began his career working at Microsoft before joining Motley Fool, one of the largest publishers of financial research. In his 15 years at Motley Fool Eric served as the General Manager for Fool.com and led coverage in the Technology & Telecom sector. In addition, he was a featured columnist and has hosted dozens of investing seminars attended by more than a million total investors. Eric has more than 1,000 financial bylines to his name and has been featured in The Wall Street Journal, CNBC, Fox Business, and many other leading publications. He is currently focused on artificial intelligence investing and is a CFA Charterholoder.
