Amazon Raises 2026 AI Capex Guidance to $220 Billion as Trainium 2 Chips Face Early Replacement

3-line summary

• Amazon raised its 2026 capital expenditure guidance to $220 billion, up from $200 billion in February, according to a Moneywise report.
• Its Trainium 2 AI chips, which reached general availability in December 2024, are already being replaced despite being only about 20 months old, according to the report.
• Amazon's spending on property and equipment rose $66.1 billion over the 12 months through June, which the company attributes to AI investment, according to the report.

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