Amazon Boosts Data-Center Spending Amid Hyperscale Investment Surge

Amazon (AMZN) has significantly increased its spending on data-center and AI infrastructure in the first half of 2026, setting the stage for even higher investment in the second half of the year. This trend is part of a broader industry shift towards hyperscale investment, which is expected to push overall spending beyond $1 trillion by 2027.

The company's spending on data-center and AI infrastructure in H1 2026 has been substantial, with expectations that it will increase further in H2 2026. This move aligns with the industry trend of hyperscale investment, which is driving overall spending towards the $1 trillion mark by 2027.

Additionally, Amazon sold $25 billion worth of long-dated bonds at around 120 basis points over Treasuries. This added heavy supply to the market and widened tech corporate bond spreads as investors absorbed the paper.