Amazon Shares Drop as Andy Jassy Plans $200B AI Investment

Amazon shares fell 11% after Andy Jassy announced a $200B capital expenditure plan for 2026 focused on artificial intelligence infrastructure.Although quarterly revenue reached $213.4B, investors reacted negatively to the spending forecast which exceeded analyst expectations by $55B.The cloud division led by Matt Garman saw 24% growth as the company races against Alphabet and Meta to expand data center and chip capacity.