Amazon's blowout $200 billion AI spending plan stuns Wall Street

Amazon said Thursday it plans a staggering $200 billion in capital expenditures this year, sparking concern that the AI spending boom has entered an even more bubbly stage. The company's capex forecast was more than $50 billion above Wall Street expectations. That left some analysts uneasy about whether these huge investments will pay off."The strong long-term return on investing capital — I think that's the debate in the market today," Mark Mahaney, a tech analyst at Evercore ISI, said during a conference ...