On this episode of Stock Movers:

- Amazon.com Inc. (AMZN) is down after the company announced plans to spend $200 billion this year on data centers, chips and other equipment, worrying investors that its colossal bet on artificial intelligence may not pay off in the long run.

- Stellantis (STLA) is taking more than €22 billion ($26 billion) in charges mainly linked to reversing course on its electric vehicle strategy, prompting a record plunge in the Jeep and Fiat owner’s shares.

- Software stocks ETF (IGV) bounces. An exchange-traded fund tracking software makers rebounded, while still heading toward its worst week since October 2008.

On this episode of Stock Movers: - Amazon.com Inc. (AMZN) is down after the company announced plans to spend $200 billion this year on data centers, chips and other equipment, worrying investors that its colossal bet on artificial intelligence may not pay off in the long run. - Stellantis (STLA) is taking more than &euro;22 billion ($26 billion) in charges mainly linked to reversing course on its electric vehicle strategy, prompting a record plunge in the Jeep and Fiat owner&rsquo;s shares. - Software stocks ETF (IGV) bounces. An exchange-traded fund tracking software makers rebounded, while still heading toward its worst week since October 2008.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for five-minute conversations on today's biggest winners and losers in the stock market. Subscribe for analysis on the companies making news on Wall Street.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Amazon Drops, Stellantis Falls, Software Stocks ETF Bounces After 8 Day Slump

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