Amazon's $200 B AI Investment Fuels Global Data‑Center Chip Race

Amazon announced a $200 billion capital‑expenditure plan through 2026, most of it directed to Amazon Web Services. The spending backs rapid growth in AWS revenue – up 28 % in Q1 – and expands Amazon’s custom silicon efforts, including Trainium and Graviton processors, which the company says are among the top three data‑center chip businesses worldwide. The investment aims to secure AI‑compute capacity while reducing reliance on external chip suppliers.

Across Europe, a wave of less‑publicised hardware firms is seeing stock surges as AI‑data‑center demand rises. Companies such as Nokia, which supplies optical networking gear, and ams‑OSRAM, a photonics specialist, have reported double‑digit revenue gains and steep share‑price climbs in 2026. The broader European AI‑infrastructure sector is attracting significant investor interest, mirroring the global push for AI‑ready data‑center capacity.