Jeff Bezos’ Amazon Just Raised Its AI Spending Target to $220 Billion for 2026. Here’s What That Capex Hike Means for Investors.
Key Points Amazon’s high capital expenditures have translated into surging operating income, with Amazon Web Services playing a major role in recent results. Expensive infrastructure build-outs create a high barrier to entry that makes it more challenging for new cloud providers to gain market share. …