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Stock impact report

Amazon's blowout $200 billion AI spending plan stuns Wall Street [Business Insider]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Have an account? Log in Amazon plans $200 billion in capex this year, far more than Wall Street expected. AWS revenue growth picked up, but Amazon's profit forecast was a little light. The company's stock slumped more than 10% after the results. Amazon said Thursday it plans a staggering $200 billion in capital expenditures this year, sparking concern that the AI spending boom has entered an even more bubbly stage. The company's capex forecast was more than $50 billion above Wall Street expectations. That left some analysts uneasy about whether these huge investments will pay off. "The strong long-term return on investing capital — I think that's the debate in the market today," Mark Mahaney, a tech analyst at Evercore ISI, said during a conference call with Amazon executives following the results. "So could you give us a little bit more insight into how you think investors will be able to see that?" Amazon CEO Andy Jassy said new AI capacity is being monetized as quick Show less Read more
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