It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street.

Don't miss a minute of the action.

Good Friday morning. Welcome to Squawk in the Street. I'm Carl Kintanay with Jim Kramer, David

Faber, Post 9 of the New York Stock Exchange. Can we finally get a sustainable bounce in software after the IGV falls about 19% in just over a week? Some big names

are higher pre-market, but not Amazon, as it does guide to 200 billion in CAPEX. Bitcoin

bounces off 60K overnight. Our roadmap begins with Amazon, raising the stakes in the AI

arms race, boosting

KAPX, as we said, to $200 billion. Crypto is rebounding this morning. Bitcoin narrowly

avoiding falling below $60,000, but it is down 20% this week alone. And we got a lot of earnings

movers, including a firm. That's the buy now, pay later company, did beat estimates.

The company CEO, Max Lepton, will join us for a first on CNBC interview.

That's just a few moments from that.

Let's begin with Amazon, under pressure falling below 200 overnight after these mixed results,

revealing some blockbuster AI spending plans.

Here's Andy Jassy talking about it on the call.

We expect to invest about $200 billion in capital expenditures across Amazon, but predominantly

in AWS, because we have very high demand, customers really want AWS for core and AI workloads,

and we're monetizing capacity as fast as we can install it.

We have deep experience understanding demand signals in the AWS business and then turning that

capacity into strong return on invested capital. We're confident this will be the case here as well.

Jim got a handful of price target cuts, at least one downgrade. A lot of discussion about custom

chips last night, too. Well, the custom chips was good discussion because they didn't necessarily

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