WS #11309
Amazon has over 390 satellites in orbit for its Leo internet service, targeting commercial launch later this year, competing with Starlink. $2.3 trillion wiped from Magnificent 7 in June as investors rotate into semiconductor stocks like AMD and MU on AI infrastructure spending concerns.
Amazon Leo Satellite Internet Launch
Amazon has over 390 satellites in orbit for its Leo internet service, targeting commercial launch later this year, competing with Starlink.
$2.3 trillion wiped from Magnificent 7 in June as investors rotate into semiconductor stocks like AMD and MU on AI infrastructure spending concerns.