By https://www.theguardian.com/profile/graemewearden
Publication Date: 2026-02-06 07:23:00
Amazon shares fall on $200 billion AI spending plans
However, Amazon shares are tumbling in early trading as investors balk at the company’s plans for an artificial intelligence buying spree.
Amazon shares fell over 9%, a day after the company said it would spend $200 billion on artificial intelligence and robotics this year.
Amazon’s CEO Andy Jassy sounded bullish last night, declaring:
“Given strong demand for our existing offerings and disruptive capabilities such as AI, chips, robotics and low-Earth orbit satellites, we expect to invest approximately $200 billion in capital expenditures at Amazon in 2026 and anticipate a strong long-term return on invested capital.”
But as noted (9:59 a.m.), investors fear companies are wasting their money, considering hundreds of billions of dollars will be committed to AI adoption this year.
Analysts at Saxo says Amazon’s The spending plans represent “significantly higher capital spending than markets had expected,” stoking renewed concerns…
