Amazon CEO Andy Jassy Just Gave Investors 220 Billion Reasons to Buy Micron Stock
Amazon just raised its artificial intelligence (AI) budget to $220 billion, up from a prior estimate of $200 billion.
Overview
The world's largest technology companies are pouring unprecedented amounts of money into infrastructure as the artificial intelligence (AI) revolution shows no signs of slowing. Alphabet, Microsoft, Amazon (NASDAQ: AMZN), Meta Platforms, and Oracle are expected to make more than $700 billion in capital expenditures (capex) in 2026 alone.
What once looked like a temporary surge in spending has become a multiyear race to procure land, chips, and the components that power AI servers. As each quarter passes, capex numbers rise. The latest explanation from Amazon Chief Executive Officer Andy Jassy points to one overlooked bottleneck: memory.
Amazon CEO Andy Jassy. Image source: Amazon.
Details
Source
Originally published at www.fool.com.
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