Amazon wants to spend $104 billion, and the stock gets clipped: What Wall Street is saying
Similar to Microsoft ( MSFT) and Meta ( META) this earnings season, Amazon uncorked a whopper of a capex guide. It sees $104 billion in capex spending this year, well above analyst forecasts of $80 billion to $85 billion. The Street has opted to stay bullish on Amazon after its results for two reasons, however.