Amazon Commits Massive CapEx To Expand AWS AI

Amazon said on its recent earnings call that it expects 2026 capital expenditures to approach $200 billion, well above analyst projections of roughly $150 billion. AWS executives said most spending targets AI and that the company expects capacity constraints as demand for GPUs and data-center capacity outpaces supply. The guidance triggered steep stock declines and raises questions about supply-chain and write-down risks.