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Amazon.com says most of FY26 investments will be in AI

Says will “invest aggressively” to be a leader in the AI space. Says “very confident” in strong return on invested capital. Says “very excited” about growth and future of Trainium. Says “very substantial interest” in Trainium 4. Says AI movement will be thousands of companies over time, not just a few. Says AWS backlog is $244B, up 40% y/y.

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