Analyst Comments on Amazon.com (AMZN) AI Capex: 'I Would Not Count on a Slowdown'

Eric Sheridan, Goldman Sachs Managing Director, said while talking to CNBC in a latest program that AI capex is not showing signs of slowdown. He mentioned spending guidance of Amazon.com, Inc. (NASDAQ:AMZN), among other major tech companies:

“If you go look at across the largest companies, Amazon reiterated their capex guidance, Alphabet reiterated. These were very high growth rates that the market had to absorb in the front half of this year, and Meta actually raised their capex guidance for 2025. So the buildout of AI continues. I would not count on a slowdown in that looking out through the remainder of this year at a minimum.”

Sands Capital Select Growth Strategy stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its Q1 2025 investor letter:

“Amazon.com, Inc. (NASDAQ:AMZN) is one of the largest ecommerce retailers and cloud infrastructure providers globally. Amazon reported solid quarterly results, in our view, with stable revenue growth and margin expansion in line with trends seen across the hyperscalers, including Meta. The company’s 2025 capital expenditure guidance—exceeding $100 billion—was well above expectations, driven by intensifying investment in AI infrastructure. Notably, the stock ended the quarter trading at its lowest 12-month forward earnings multiple since 2008.”

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Disclosure: None. This article is originally published at Insider Monkey.