Amazon shares tumble as it joins the Big Tech AI spending spree
FEB 6 - Amazon is the latest US tech giant to announce a huge increase in spending on artificial intelligence (AI) and infrastructure. Reporting its Kenya breaking news | Kenya news today |..
✨ Key Highlights
Amazon announced a significant increase in its annual spending, committing $200 billion this year, primarily towards artificial intelligence (AI) and infrastructure. This aggressive investment, which is a substantial rise from last year's $125 billion, led to its shares falling by more than 11% in after-hours trading.
- Amazon is planning to invest $200 billion (£147.7 billion) in AI and infrastructure this year, making it the most aggressive AI investor among big tech.
- The firm's chief executive, Andy Jassy, stated that the bulk of this spending will go towards AI, believing it will reinvent customer experiences.
- Combined, Amazon, Meta, Google, and Microsoft are collectively planning to invest $650 billion into AI and related projects this year, sparking concerns from institutions like the Bank of England about a potential market bubble resembling the dot-com era.
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Amazon Shares Tumble, Bitcoin Value Falls to $66,000, and SIB Mansa-X Funds Surpass Sh129bn - February 2026
Amazon shares fell by more than 11% in after-hours trading after it announced a significant increase in annual spending to $200 billion for this year, primarily towards artificial intelligence. This follows a trend in cryptocurrency, where Bitcoin's value has plummeted to its lowest level in 15 months, now at $66,000, despite support from US President Donald Trump. In contrast, the Mansa-X Special Funds, managed by Standard Investment Bank, have surpassed the $1 billion (Sh129 billion) mark in assets under management. This growth was driven by strong investment performance in 2025, making them Kenya’s largest special Collective Investment Scheme.
