Amazon Raises Debt for AI Capex Surge as Shares Hit $262 Near High

Amazon.com Inc shares climbed around $262.46, up roughly 3% with a $2.7 trillion market cap, capping a 259,400% rise since IPO driven by cash flow reinvestment over GAAP profits. This strategy fueled e-commerce and AWS growth despite deep drawdowns like 95% post-dotcom and 50% in 2022. Now in 2026, AWS AI demand has capex exceeding operating cash flow, prompting rare large debt raises—a bullish evolution with emerging leverage risks for investors.