Amazon CEO Andy Jassy Sold $25 Billion in Bonds to Fund AI Data Center Expansion
In early July 2026, Amazon sold $25 billion worth of bonds to finance the continued development of its artificial intelligence (AI) infrastructure. The company also announced that it plans to spend $200 billion on capital expenditures for the year — a significant jump from the $131 billion spent in 2025. This spending is part of Amazon's broader strategy to invest heavily in AI, which CEO Andy Jassy has described as a 'once-in-a-lifetime opportunity.' While investors have raised concerns about whether these investments will yield returns and if tech companies are overextending themselves on AI infrastructure, Amazon appears determined not to miss out. In his shareholder letter earlier that year, Jassy argued that the potential for future growth in AI is substantial. The company's aggressive spending contrasts with broader market sentiment, as reflected by its stock performance — up less than 2% so far in 2026 despite heavy investment.