Amazon outspends its rivals on AI

European equities surged to a new all-time high, driven by robust earnings reports and positive developments regarding a potential peace plan for Ukraine. US equities also gained ground, with the S&P 500 finishing just shy of 1% below its record high. However, Amazon's post-market earnings release tempered the positive mood, as strong results were offset by slower cloud growth and cautious first-quarter guidance. Notably, the company announced plans to invest USD 100 billion in AI infrastructure this year, outspending its rivals. Tim Gagie, Head of FX & PM Solutions in Geneva, joins the podcast to discuss the high volatility in currency markets, which has been exacerbated by increasing political uncertainty since Trump took office, and he also talks about opportunities in precious metals.00:00 Introduction by Helen Freer (Investment Writing)00:24 Markets wrap-up by Jan Bopp (Investment Writing)06:14 FX and metals: Tim Gagie (Head of FX & PM Solutions Geneva)10:40 Closing remarks by Helen Freer (Investment Writing)Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.