Krux
February 10, 2026
Amazon's Dropping $200B on AI in 2026—Wall Street Hates It
Published: February 10, 2026 at 12:45 AM
Updated: February 10, 2026 at 12:45 AM
100-word summary
Amazon just announced a jaw-dropping $200 billion capex plan for 2026—up from roughly $132B in 2025—targeting AI infrastructure, custom chips (Trainium, Graviton), robotics, and satellites. The bombshell dropped alongside solid Q4 results: $213.4B in sales and AWS up 24% to $35.6B. But investors weren't impressed—shares tanked after-hours. This aggressive spend signals Amazon's betting big on the AI arms race, even if Wall Street questions the near-term payoff.
What happened
Amazon just announced a jaw-dropping $200 billion capex plan for 2026—up from roughly $132B in 2025—targeting AI infrastructure, custom chips (Trainium, Graviton), robotics, and satellites. The bombshell dropped alongside solid Q4 results: $213.4B in sales and AWS up 24% to $35.6B. But investors weren't impressed—shares tanked after-hours.
Why it matters
This aggressive spend signals Amazon's betting big on the AI arms race, even if Wall Street questions the near-term payoff.