Amazon (AMZN) increased its AI data center capital expenditure budget and simultaneously issued $25B in long-dated bonds to finance the expansion of its cloud computing infrastructure.

Amazon (AMZN) increased capital expenditure on data centers and artificial intelligence infrastructure during the first half of 2026. The company is expected to further raise capex in the second half of the year, consistent with broader hyperscaler investment trends that are driving total industry spending toward more than $1 trillion by 2027.

Separately, Amazon sold $25 billion in long-dated bonds priced at approximately 120 basis points over Treasuries. The offering added heavy supply to the market, contributing to wider spreads for technology corporate bonds as investors absorbed the issuance.