Amazon Boosts AI Spending
Amazon reported strong Q2 results and raised capex to expand AI and tech infrastructure.
July 30, 2026 · Updated Jul 30, 8:32pm ET
The GuardianApple and Amazon report rising revenues as investors turn on some tech stocks
FortuneAndy Jassy said Amazon will spend $220 billion this year—and still won't have enough capacity to meet demand
Seattle TimesAmazon blows past earnings estimates
CNBCAmazon's AWS posts fastest growth since 2021, citing AI and chip demand
TechCrunchInvestors love AI, as long as you’re a cloud host
Associated PressAmazon to boost spending on AI and other technology by $20 billion after strong Q2 results
Business InsiderAmazon is proving you don't need the best model to win the AI race
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What happened
Amazon said it will raise this year’s capital spending by about $20 billion, to roughly $220 billion, as it expands AI infrastructure and other technology. For the second quarter ended June 30, the company reported $200.6 billion in revenue, up 20% from a year earlier and about $3.5 billion above analyst forecasts. AWS revenue rose 37% to $42.23 billion, its fastest growth in 18 quarters, driven by AI and chip demand. Shares rose more than 10% after hours as CEO Andy Jassy
Andy JassyAmerican businessman said demand still exceeds capacity.
Big Tech AI Race
Part of the storyline · Storyline →- Jul 30Amazon Boosts AI Spending (this story)Mostly Center
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