Amazon has launched an 11-tranche bond offering to raise between $37 billion and $42 billion, including up to €10 billion in eight-part euro notes maturing from two to 38 years. Proceeds will fund an estimated $150 billion investment in AI infrastructure and data centers by fiscal 2026, with HSBC, Citigroup, Goldman Sachs and JPMorgan Chase managing the sale.

A recent internal investigation was triggered when AI-generated code changes caused multi-hour disruptions to Amazon’s retail platform and AWS services, with senior engineers convening to analyze the failures. The company will now require higher-level approvals for AI-assisted development after senior leadership flagged that platform reliability “has not been good recently,” and Elon Musk cautioned to ‘proceed with caution’.

Amazon’s stock is nearing a Death Cross technical pattern as its 50-day moving average approaches the 200-day line, a signal often viewed as short-term bearish. This technical warning coincides with the company’s aggressive capital deployment for AI and infrastructure, underscoring a tension between near-term market sentiment and long-term growth strategy.