AI Blowout: What Shocking Quarterly Earnings Reports May Mean for the Tech Industry in Arizona

Wall Street delivered a harsh verdict last week when Amazon announced its fourth-quarter earnings. Despite beating revenue expectations with $213.4 billion, the stock tumbled nearly 8% after CEO Andy Jassy unveiled a staggering $200 billion capital expenditure plan for 2026, far exceeding the $146.6 billion analysts had anticipated. The message from investors was clear: the era of unlimited AI spending … Read More