Amazon CEO Andy Jassy is focusing heavily on AI investment, with Amazon raising its AI investment to $220 billion. The company’s cloud growth is offsetting negative cash flow, and strong AI-related earnings are boosting semiconductor hardware stocks in the United States and South Korea. The four major AI investors, led by Amazon and including Alphabet Inc., Microsoft, and Meta Platforms, are set to pour 1,000 trillion won into AI this year, with Amazon declaring it will increase investment further. Apple’s investment is modest in comparison. The biggest beneficiaries of the AI race are Samsung Electronics and SK hynix, the No.1 and No.2 companies by market capitalization on the KOSPI Composite Index. Amazon reported $6 billion in the second quarter of 2026, breaking the $200 billion barrier for the first time in a single quarter, with $2 billion in revenue, up 37% from the second quarter of 2025, the highest growth rate in 18 quarters. Amazon began pouring tens of billions of dollars into AI data centers, servers, and semiconductors starting in 2023. Demand for renting AI computing power from AWS has exploded, driving rapid cloud growth. Amazon laid the “AI highway” first and is now collecting tolls from companies renting its infrastructure. Samsung Electronics and SK hynix, which supply High Bandwidth Memory and DRAM, are seeing sharp earnings jumps. CEO Andy Jassy said, “AWS is growing explosively, and our AI