Feb 6 : Amazon.com shares slid 9 per cent on Friday after the company outlined a planned $200 billion capital outlay for the year, stoking investor concerns about the scale of Big Tech's spending on artificial intelligence.Amazon on Thursday joined rivals in forecasting sharply higher expenditures this year,

Amazon revealed plans Thursday to invest $200 billion in 2026 on data centers, satellites, and infrastructure as part of its aggressive push into artificial intelligence, surpassing Wall Street projections by $50 billion. Shares dropped almost eight percent in Friday morning trading.

Amazon Chief ⁠Executive Andy Jassy was defending Amazon Web Services’ revenue growth of 24% that was slower than rivals ​Google Cloud’s 48% growth and Microsoft’s Azure 39% rise.