AMZN · News · 20261102N

AI Infrastructure Investment Outlook

AMAZON COM INC · 2026-11-02 · Importance 89 · Surprise 82

Amazon CEO Andy Jassy said the company expects to spend “meaningfully more” on capital expenditures in 2027 than in 2026, when Amazon estimated capex at $220 billion. JPMorgan analyst Doug Anmuth projected Amazon capex of $395 billion in 2027, up 77% year over year, and $476 billion in 2028, up 20%. Anmuth attributed the projected investment to management’s demand visibility and expectations of more than 40% growth over the next two years.

Key facts

• According to Yahoo Finance, Amazon was slated to spend about $220 billion on capex in 2026 to support its AI buildout and Trainium chip development. source
• A third-party report said Amazon secured a US$80 billion supplier loan facility to fund large-scale AI infrastructure spending. source