What Amazon CEO said on 'spending plan' that wiped $250bn+ from company stock in a day

2026-02-06 - 14:05

Amazon's stock saw a significant drop after a massive investment plan for 2026. The company plans to spend $200 billion on infrastructure. This move aims to boost Amazon Web Services' capacity for artificial intelligence. CEO Andy Jassy assured investors these investments will bring strong returns. The company is scaling up data centers and equipment to meet growing demand.