Amazon shares fall 2% of higher CAPEX

"shares slipped Thursday after the company projected lower-than-expected sales and operating income and said it plans to allocate a record amount to capital expenditure this year to build artificial-intelligence infrastructure."

AI infrastructure CAPEX may be a drag on big tech's earnings. given deepseek upending AI spending, I wonder if this impacts our thesis? burn baby burn :)

https://www.wsj.com/business/earnings/amazon-com-amzn-q4-earnings-report-2024-d62970e8?mod=business_feat3_earnings_pos3