Amazon Defends Massive AI Spending, Says New AWS Capacity Being Monetized Quickly: Andy Jassy Sees Very 'Unusual' Opportunity

On Thursday, Amazon.com, Inc. (NASDAQ:AMZN) pushed back against Wall Street's growing skepticism over soaring AI-related capital expenditures. Amazon Pushes Back On AI CapEx Concerns During the company's fourth-quarter earnings call, Amazon addressed investor concerns around its aggressive spending on AI and data center infrastructure, arguing the investments are already producing returns. Responding to questions from Evercore ISI analyst Mark Mahaney about long-term return on invested capital, CFO Brian ...