Why Amazon's CEO is 'confident' with $200 billion spending plan

So capex really was the story for Amazon. They're going to be spending about $200 billion for this year and they're facing really what is now an uphill battle to prove it's going to be paying off. It was about $50 billion ahead of what Wall Street was expecting.CEO Andy Jasse saying that's going to be predominantly spent on AI. He defended the plan on the analyst call and pointed to their track record of monetizing investment cycles in the past. I think we've also proven with AWS over the years in how we bu ...