Amazon Raises AI Infrastructure Spending to $220 Billion

Amazon has bumped its 2026 capital expenditure plan to $220 billion, up from the $200 billion it projected just three months ago in April, driven almost entirely by AI infrastructure demand. Investors appear unfazed — cloud hosting companies are the one corner of the AI economy where Wall Street still sees clear returns. The spending figure makes Amazon's data center buildout one of the largest single-year infrastructure investments in corporate history.