Amazon shares fall on struggle to keep up with AI demand despite plans for $100B in capital spending

Amazon shares dropped 4% on Friday after CEO Andy Jassy warned the company could face capacity constraints in its cloud computing unit — despite plans to spend $100 billion on capital expenditures this year.“It is true we could be growing faster were it not for some of the constraints on capacity,” Jassy said during an earnings call with investors on Thursday.In particular, he mentioned delays in getting hardware and not having enough electricity, according to a Bloomberg report.In October, Jassy had predic ...