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Amazon’s Diversification Push Fuels Stock Surge Amid Tech Expansion

Amazon’s Diversification Push Fuels Stock Surge Amid Tech Expansion

Author:

Global Cryptocurrency

Published:

2025-11-24 19:31:02

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BTCCSquare news:

Amazon shares climbed over 2% in Monday trading as the retail giant showcased its growing prowess beyond e-commerce. The company unveiled advancements in its satellite internet project, now rebranded as Amazon Leo, alongside continued dominance in streaming video—a strategic diversification applauded by investors.

The LEO Ultra antenna promises groundbreaking speeds of 1 Gbps downloads and 400 Mbps uploads, targeting enterprises in connectivity-challenged regions. "Amazon LEO represents a massive opportunity for businesses operating in challenging environments," stated Chris Weber, VP of consumer and enterprise business, hinting at untapped market potential.

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