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AMZN
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- 1Amazon Stock Rises on Satellite Milestone for Starlink Rival●AMZN Stock Gains On Hitting Satellite Milestone to Launch Starlink Internet Rival This Year
Amazon shares gained after the company hit a key satellite milestone in its effort to launch a broadband internet service to rival SpaceX's Starlink, with the service targeted to begin this year. Investors reacted positively to the progress on Amazon's low-earth-orbit satellite constellation project, which has been in development for several years.
- 2Amazon Stock Edges Up Premarket Ahead Of Earnings●AMZN Stock Rises Premarket Ahead Of Results: AWS, CapEx In Focus
Amazon shares rose in premarket trading on Thursday ahead of the company's quarterly results, due after the close. Investors are watching for growth in the AWS cloud division and for guidance on capital expenditure, particularly spending tied to artificial intelligence infrastructure, which has become a key driver of sentiment around the stock this year.