Amazon 30-Minute Delivery Hits Dozens of Cities as AI Tax Talk Sends Shares Lower
Speculation over a proposed windfall tax on AI-driven profits rattled growth names on May 12, sending Amazon shares lower intraday. Amazon also expanded its 30-minute delivery service to dozens of U.S. cities, promising faster fulfillment across new metropolitan areas.
1. AI Windfall Tax Sparks Market Volatility
The mere mention of a federal levy on AI-driven profits triggered a selloff in major growth stocks on May 12, with Amazon shares falling intraday as investors weighed potential new taxes on AI revenue streams.
2. 30-Minute Delivery Service Expands Nationwide
Amazon rolled out its ultrafast 30-minute delivery option to dozens of additional U.S. cities, aiming to accelerate order fulfillment, enhance customer convenience and strengthen its logistics network in key metropolitan areas.
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