FRANKFURT (dpa-AFX) - Growing doubts over hefty investments in artificial intelligence are once again weighing on the German stock market on Friday. The DAX is attempting to stabilize, hovering around its previous day's close at 24,481 points just minutes after the Xetra opening. The gains recorded since the beginning of the year have been wiped out.
The MDAX of mid-cap stocks fell by 0.38 percent to 31,315 points. The Eurozone's leading index, the EuroStoxx 50, showed little change.
A double-digit drop in Amazon's share price during after-hours US trading highlighted just how persistent investors' AI-related concerns remain. The retail giant plans to invest around 200 billion US dollars this year, including in AI, chips, robotics, and satellites. This puts Amazon's investment volume even above that of Google parent Alphabet. According to analysts at Goldman Sachs, Amazon will initially suffer as investors view large investments with no concrete revenue success very critically./ajx/jha/
