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Barchart
Mohit Oberoi

Jassy Is Selling the Amazon AI Story: Should You Buy AMZN Stock Here?

Amazon Andy Jassy Amazon.com Inc. Stock AWS

Amazon (AMZN) released its 2025 annual shareholder letter on April 9. Among other things in the letter, CEO Andy Jassy was unapologetic about Amazon's burgeoning capex, which is set to hit a record high of $200 billion this year. For context, the 2026 capex guidance is well ahead of last year’s $131 billion in capital expenditures and would mark the highest-ever annual capex by any company in history.

AMZN stock crashed following the fourth-quarter 2025 confessional. The drawdown wasn’t on account of the $0.03 that the company missed on the bottom line but rather the massive rise in 2026 capex guidance, which was more than $50 billion higher than what the Street was expecting.

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