Amazon vs. Microsoft and the Great AI Capex Divergence

AI summary

Wednesday night’s Fast Money panel on CNBC turned into a referendum on what an AI hyperscaler is supposed to look like in 2026. Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) reported on the same evening, and the panel zeroed in on one number that splits the bull case from the bear case: capital expenditures. Amazon: Spend Now, ... Amazon vs. Microsoft and the Great AI Capex Divergence