Bezos sells $4B in Amazon stock as company hits $3T valuation

Share

Jeff Bezos sold approximately $4 billion worth of Amazon stock, roughly 15 million shares, one day after the company became the fifth in history to reach a $3 trillion valuation. The stock surged 5.3% intraday following strong quarterly results driven by robust demand for Amazon Web Services amid accelerating AI adoption. The sale was executed through a prearranged trading plan under SEC Rule 10b5-1, extending through February 2027. Amazon joined Apple, Microsoft, Nvidia, and Alphabet in the exclusive $3 trillion market cap club. Projected capital expenditures for 2026 sit at $220 billion, reflecting aggressive buildout of data centers and AI infrastructure, with rising energy costs from AI data centers already impacting crypto mining operations.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles