The deal strengthens AWS's AI offerings and may help fend off challenges from cloud rivals Microsoft and Google.

Shares of the e-commerce and cloud computing giant plunged 12% in February, their worst month since December 2022, as Wall Street takes an increasingly jaundiced view of the company’s aggressive AI spending plans.

It is the latest commitment from the tech company as it seeks to cash in on unrelenting demand for artificial intelligence.

The e-commerce giant spent years building a logistics footprint in the Middle East. Some of those operations are on hold now.

By David Shepardson WASHINGTON, March 2 (Reuters) - Amazon unit Amazon Data Services is acquiring George Washington University's Virginia Science and Technology campus for $427 million, the university said on Monday,

In the South Suburbs, the future of delivery is taking flight.

First Reads gets you early access to new books across popular genres. Prime members get free Kindle e-books every month from a list hand-picked by editors.

However, Amazon said it planned to spend $200 billion in capital expenditures this year, more than any of its "Magnificent Seven" peers, and enough to lead investors to sell the stock. By contrast, Amazon spent $83 billion in capex in 2025, and spending $200 billion this year will almost certainly drive its free cash flow into the red.