From the heart of where innovation, money, and power collide, in Silicon Valley and beyond, this is Bloomberg I'm Caroline Hyde.

And I'm Jackie DeVallos in San Francisco.

This is Bloomberg Technology.

Coming up, Amazon plans to spend at least $100 billion this year to keep up with AI demand.

We break down the earnings.

Plus, US Treasury Secretary Scott Besson says Elon Musk's Doge effort isn't altering

Treasury systems.

More on our exclusive interview.

And with the Super Bowl this Sunday, we dig into the sports betting industry with Draft King's

CEO, Jason Robbins.

But first, we dig in to these markets.

But the number one name that is dragging down the NASDAQ, it's Amazon.

We're off by 3.6%.

The worst day for the stocks is December the 18th.

This is all about the earnings that we get.

The fact that they managed to be in line for their fiscal fourth quarter,

10% growth in revenue.

We see earnings overall showing 60% more than growth in operating profit, but it's the forward-looking

guidance that once again has us a little bit anxious, and it's all about AWS.

Let's get to it, Bloomberg Intelligence Analyst, Poonam Goyle.

And first off with AWS, they're committing to yet more spend $100 billion. That's going to be the run rate that's necessary to capture the extent of demand for cloud right now.

Yeah, you said it absolutely right. So we're not so surprised by that because we heard that from Microsoft and Google earlier too. But $105 billion in 2025 and likely thereafter means they're spending more on AI.

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