Πτώση για τη μετοχή της Amazon λόγω των δαπανών για την τεχνητή νοημοσύνη

Amazon Amazon.com, Inc. ↘ 0.66% shares fell more than 3% on Thursday as investors weighed the mounting cash strain from the company's unprecedented artificial intelligence buildout, with trailing capital expenditures now consuming virtually all of its operating cash flow.

Financial data shows Amazon's trailing-twelve-month capital expenditures reached approximately $147–$151 billion through the first quarter of 2026, representing roughly 99% of its operating cash flow over the same period. The result: free cash flow collapsed 95% year-over-year to just $1.2 billion on a trailing basis, down from nearly $26 billion a year earlier. The company has committed to spending approximately $200 billion in capex for the full year 2026, nearly all directed toward AI infrastructure including data centers, custom chips, and networking hardware.Investing.com+4

The AGI Layoffs

The selloff was compounded by Amazon's confirmation on Wednesday that it had eliminated roles within its artificial general intelligence division. The company did not disclose how many employees were affected but said it remains "committed to supporting impacted employees through their transition," offering 90 days of pay and benefits, outplacement support, and severance.crn.com+1

The AGI cuts represent the latest in a series of workforce reductions since late 2025. Amazon laid off roughly 14,000 corporate workers in October 2025 and another 16,000 in January 2026, bringing total eliminations to more than 30,000 staffers across AWS, retail, Prime Video, and other divisions.TechBlit+1

The Investment Thesis Under Pressure

Amazon's operating performance has remained strong — operating income grew 30% year-over-year to $23.9 billion in the first quarter, and AWS posted 28% revenue growth, its fastest in 15 quarters. But the gap between profitability and cash generation has become a focal point for investors ahead of the company's second-quarter earnings report, scheduled for July 29.Investing.com+2

CEO Andy Jassy has repeatedly defended the spending, writing in his April shareholder letter that Amazon would not "take a cautious approach" and framing the capex cycle as necessary to become "a significant leader" in AI. The company's long-term debt nearly doubled in a single quarter earlier this year, rising from $65.6 billion to $119.1 billion, as Amazon tapped bond markets to finance the buildout.cnbc+1

Thursday's decline also reflected broader pressure on technology stocks after Alphabet ↗ 0.24% and Tesla ↘ 2.08% signaled increased capital spending in their own earnings reports.Schwab Network