Amazon.com Inc. confirmed its first major bond sale since 2022, filing regulatory documents on November 19, 2025, to raise $15 billion. The proceeds are earmarked for significant capital investments in the company's artificial intelligence and cloud computing infrastructure, specifically for its Amazon Web Services (AWS) division. This move aligns with a broader trend among tech giants tapping debt markets to finance costly, large-scale technology projects. The announcement has been met with investor apprehension, contributing to a stock decline of over 13.5% from its early November all-time high. The large debt issuance has heightened concerns about the escalating costs of Amazon's AI ambitions and its increasing reliance on debt to fund these ventures. Analysts have noted the market's growing skepticism regarding the profitability of massive AI expenditures, with some downgrading the stock and questioning the company's rising cash burn.