Amazon Capex Reaches $77.3 Billion Last Quarter, Above Expectations
Amazon’s capital expenditure rose 43% sequentially and was $20 billion above expectations, according to the report.
Amazon.com, Inc.’s (AMZN) capital expenditure soared to $77.3 billion last quarter, more than expected, pushing its stock lower and reviving worries about whether Big Tech's AI spending will translate into meaningful returns.The figure rose 43% sequentially and was $20 billion higher than expectati…