Amazon on Thursday projected a surge of more than 50 per cent in capital expenditures this year, joining its peers in a spending spree to build out artificial-intelligence infrastructure, and sending its shares down 11.5 per cent in after-hours trading.
As the shares sputtered on news that Amazon would be pumping $200 billion into boosting its AI efforts in 2026, CEO Andy Jassy struck a defensive tone during the company’s
