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The dominance of the "Magnificent 7" tech giants—Apple, Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Nvidia (NASDAQ:NVDA), Meta (NASDAQ:META), and Tesla (NASDAQ:TSLA), has ...
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Amazon CEO Andy Jassy announces plans to spend $100 billion on capital expenditure in 2025, with the majority allocated to AI ...
Amazon said Thursday it plans to boost its capital expenditures to $100 billion in 2025, as it continues its AI investments.
Meta, Microsoft, Amazon, and Google parent Alphabet are expecting a cumulative $325 billion in capital expenditures in 2025, driven by their investments in artificial intelligence infrastructure.
Amazon's forecasted spending in 2025 is 35% higher than 2024 and well above the $86 billion analysts expected.