Fri, 06 Feb 2026

Fri, 06 Feb 2026 Amazon shares tumble as it joins the Big Tech AI spending spree

Technology stocks have fallen this week as investors appeared wary of the sector's big investment plans.

* Amazon expects to spend $200bn on AI this year, a significant increase from last year's spending of $125bn.
* This makes Amazon's spending plans the most aggressive among Big Tech companies, including Meta, Google and Microsoft, which collectively expect to spend around $650bn on AI and related projects.
* The bulk of Amazon's spending is going towards AI, with CEO Andy Jassy saying that every customer experience will be reinvented by AI in the future.
* Other tech giants are also increasing their spending on AI, with: + Meta planning to spend up to $135bn this year + Google planning to more than double its capital expenditure to $185bn this year + Microsoft having already spent over $72bn on recruiting talent and infrastructure related to AI.
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