Amazon shares sink as it prepares $200bn AI spending blitz
Capital expenditure forecasts for 2026 were a third higher than Wall Street’s expectations
Capital expenditure forecasts for 2026 were a third higher than Wall Street’s expectations

Shake-up follows fears tech giant missed early AI boom as Microsoft and Google challenge cloud business

Chief executive Andy Jassy warns of further tariff policy uncertainty and who will bear the cost of them

Executives face choice between cutting returns to shareholders, raiding reserves or tapping the markets

Deal could push AI start-up’s valuation above $500bn and involve it using the cloud giant’s chips

Shares jump after ecommerce giant says web services division is growing at fastest pace in three years

Search giant reports more than $400bn in annual revenue for the first time