Wall Street Turns on AI Capex

SeattleAlphabet’s stock fell 7% on the same capex it used to cheer.

Data-centre hardware is booked over 5-6 years, so investors now ask whether Amazon’s roughly $200 billion buildout earns a return before it depreciates.

Amazon reports Thursday; analysts say anything below 30% AWS growth reads as a stall.

Sources: CNBC, Investing.com, TheStreet