Amazon stock falls 10% on $200 billion spending forecast, earnings miss

• Amazon posted mixed results for the fourth quarter.
• The company also said it expects capital expenditures to hit roughly $200 billion in 2026.
• Tech companies have aggressively ramped up their spending forecasts to seize artificial intelligence demand.

Amazon shares plunged more than 10% in extended trading Thursday after the company posted mixed fourth-quarter earnings, and boosted its full-year spending forecast to $200 billion.

Source: https://www.cnbc.com/2026/02/05/amazon-amzn-q4-earnings-report-2025.html