> Amazon’s quarterly free cash flow went negative—negative $4.8 billion—at the exact moment their capital expenditure hit $125 billion, the highest of any company on Earth, with 75% of it going directly to AI infrastructure. They raised $12 billion in debt this year to fund data centers. And then they eliminated 10% of their white-collar workforce.
> Amazon’s quarterly free cash flow went negative—negative $4.8 billion—at the exact moment their capital expenditure hit $125 billion, the highest of any company on Earth, with 75% of it going directly to AI infrastructure. They raised $12 billion in debt this year to fund data centers. And then they eliminated 10% of their white-collar workforce.
Sounds about right.