Amazon's forecasted spending in 2025 is 35% higher than 2024 and well above the $86 billion analysts expected.

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Amazon said Thursday it plans to boost its capital expenditures to $100 billion in 2025, as it continues its AI investments.

Amazon’s chief executive had predicted the company would spend more in 2025 than the roughly $83 billion it spent last year.

Amazon CEO Andy Jassy revealed to investors Thursday that the company plans to spend more than $100 billion in capital expenditures on AWS and AI development in 2025.