# CEO Andy Jassy’s explanation for the spending was framed as demand-driven rather than speculative.

*business · news · 2026-04-08 · Artvoice*

## Key points

- Amazon announced $200 billion in 2026 capital expenditures, $54 billion above analyst expectations.
- Amazon's AWS contracted backlog reached $244 billion in 2025, up 40 percent year over year.
- Analysts estimate Amazon's 2026 free cash flow could go negative by approximately $18 billion.
- AWS's growth rate lags Google Cloud and Microsoft Azure, impacting investor sentiment.
- Amazon's stock trades at a lower multiple than peers despite higher growth and margins in retail.

**Companies:** Amazon
**Countries:** United States

[Read the full story on Artvoice](https://artvoice.com/2026/04/08/amazon-stock-has-50-percent-upside-according-to-one-analyst-and-here-is-why-others-disagree/)

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