Amazon bets big on AI and cloud with a $220bn capex push
TL;DR Summary
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.
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- Amazon.com Announces Second Quarter Results Amazon Investor Relations
- Amazon Shares Jump as Cloud Sales Accelerate WSJ
- Amazon Rides Big Q2 For Advertising, AWS To Post First $200 Billion Revenue Quarter Deadline
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