00:00It's Benzinga bringing Wall Street to Main Street.
00:02Amazon shares plunged 11% in Extended Trading Thursday as investors reacted to concerns over
00:08the company's $200 billion capital expenditure forecast, the highest among mega cap peers.
00:14The outlook marked a sharp increase from roughly $131 billion spent in 2025 and exceeded analyst
00:21expectations by more than $50 billion. On a conference call, CEO Andy Jassy said he is
00:28confident the cloud unit will deliver strong returns on invested capital, though he did
00:32not provide a timeline. He said the spending is required to meet very high demand for AI
00:37compute and added that Amazon expects these investments to generate returns similar to
00:42its core AWS business. AWS revenue rose 24% to $35.6 billion, marking its fastest growth
00:50in 13 quarters, while capacity constraints limited further growth.
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