Amazon's Exorbitant Spending Spree: A Cautionary Tale for Tech Giants Amazon has increased its capital expenditure forecast to $220 billion this year, a significant hike from previous estimates.
The decision comes as the company grapples with rising memory costs and surging demand for cloud services. The increase in capex is largely due to higher memory prices, according to Amazon CEO Andy Jassy.
However, the move raises questions about the sustainability of such massive spending.