Amazon Defends $200B AI Capex: Jassy Calls It a "Seminal Opportunity" for Growth

Following investor concerns over its projected $200 billion capital expenditure for 2026, Amazon's leadership has strongly defended the investment strategy. CEO Andy Jassy described the current AI landscape as a "seminal opportunity" comparable to the early days of cloud computing, emphasizing that the spending is directly tied to "overwhelming" customer demand that currently outstrips supply. CFO Brian Olsavsky reassured shareholders that while the upfront costs are significant, the infrastructure build-out is essential to secure long-term free cash flow and market leadership in the generative AI era.

https://finance.yahoo.com/news/amazon-defends-massive-ai-spending-143139992.html