After Amazon stock’s worst day since 2022, CEO Andy Jassy has a message for Wall Street: We’re not going to…
Amazon CEO Andy Jassy used his annual shareholder letter to defend the company’s $200 billion AI spending plan for 2026—months after the announcement tanked the stock over 10% in a single session. Jassy disclosed AWS’s AI business has hit a $15 billion annual run rate, pointed to customer commitments backing “a substantial portion” of the…