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Barchart
Barchart
Oleksandr Pylypenko

Stock Index Futures Climb After Tech Rout, Amazon Slips on CapEx Blowout

March S&P 500 E-Mini futures (ESH26) are up +0.58%, and March Nasdaq 100 E-Mini futures (NQH26) are up +0.69% this morning, rebounding after days of heavy selling as investors stepped in to buy the dip.

Investors also digest an earnings report from Amazon.com (AMZN). Shares of the e-commerce and technology giant slumped over -7% in pre-market trading after it unveiled plans to spend $200 billion this year on AI infrastructure, a sharp increase that outpaced revenue growth in its cloud unit. That stoked concerns that its massive AI bet may fail to pay off over the long term. At the same time, companies tied to the AI buildout got a boost from Amazon’s blowout capex plans, with Nvidia (NVDA) and Broadcom (AVGO) rising over +3% in pre-market trading.

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