Amazon Raises AI Capex to $220B After 37% AWS Growth Blowout
AMZN sits 38% above its 52-week low of $196 on elevated volume (2.6× avg).
Summary
Amazon's Q2 earnings already sent shares up 15%, but the new headline is the capex hike: full-year spending guidance raised to $220 billion, a $20 billion increase, with nearly all of it going to AI infrastructure. AWS revenue grew 37% year-over-year, smashing the ~31% consensus, and CEO Andy Jassy directly addressed AI spending fears on the call. This follows Microsoft's strong cloud results earlier in the week, building a narrative that hyperscalers are monetizing AI at scale. The risk is that any future cloud revenue miss against this spending backdrop could reverse the rally quickly.
At the time of this announcement, AMZN was trading at $270.32 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.9T. The 52-week trading range was $196.00 to $278.56. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Crypto Briefing.