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AMZN CFO Doubles Down on AI Saying It is Now a MultiBillion Dollar Business and will Raise CapEx to Build Out Data Centers
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"For the first half of the year, these investments were $30.5 Billion... Looking ahead to the rest of 2024... We expect capital investments to be higher in the second half of the year. The majority of the spend will be to support the growth need for AWS infrastructure." - CFO Brian Olsavsky on the Media Call
"We continue to see strong demand in generative AI"
"Multi-billion dollar business within AWS... Pleased with pick up"
"We have strong conviction on our CapEx spend"
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