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Amazon bets big on AI and cloud with a $220bn capex push

1 min read
Source: Financial Times
Amazon bets big on AI and cloud with a $220bn capex push
Photo: Financial Times
TL;DR

Amazon lifts its 2026 capex guidance to $220bn as AWS accelerates growth and memory costs rise, with AWS revenue up 37% YoY to $42.2bn; the company is funding AI initiatives (Anthropic and OpenAI) and has tapped the debt market for about $50bn to finance these moves, while free cash flow remains negative and layoffs continue to trim costs.

Topics:top-newstechnology#amazon#artificial-intelligence#aws#cloud-computing#corporate-earnings#technology
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  1. Amazon shares surge higher after cloud business grows 37%  Financial Times
  2. Amazon on deck to report earnings after the bell with cloud, capex in focus  CNBC
  3. Amazon.com Announces Second Quarter Results  Amazon Investor Relations
  4. Amazon Shares Jump as Cloud Sales Accelerate  WSJ
  5. Amazon Rides Big Q2 For Advertising, AWS To Post First $200 Billion Revenue Quarter  Deadline

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