New Delhi, Aug. 1 -- Amazon has raised its capital expenditure (capex) guidance for FY26 to around USD 220 billion from about USD 200 billion earlier, as strong demand for its Amazon Web Services (AWS) cloud platform and artificial intelligence (AI) services continues to drive investment, according to a Nuvama Research report.

"Management raised their FY26 capex guidance to ~USD220bn (from ~USD200bn earlier), due to high memory costs amid robust demand for AWS and AI services," Nuvama said in its Global Pulse sector update, citing Amazon's management commentary.

The report said Amazon posted stronger-than-expected second-quarter results, with revenue rising 19.6 per cent year-on-year to USD 200.6 billion, ahead of Street estimates of US...