格隆汇2月6日｜罗思资本(ROTH MKM)将亚马逊(AMZN.US)目标价从295美元下调至285美元。 ...

Core Viewpoint - Amazon's commitment to invest $200 billion in capital expenditures by 2026 has overshadowed its cloud business growth of 24% year-over-year, leading to a decline in stock price [1] Group 1: Financial Performance - AWS revenue reached $35.6 billion, exceeding Wall Street's consensus estimate by $700 million [1] - The profit margin for the AWS segment remains robust at 35% [1] Group 2: Market Expectations - Advertising revenue was in line with market expectations, but investors may have anticipated greater upside given previous trends and advancements in Prime Video and Amazon DSP [1]

罗思麦肯锡将亚马逊目标价从295美元下调至285美元。 来源：滚动播报 ...

Amazon.com, Inc. ( AMZN ) reported results for the fourth fiscal quarter that beat on the top line and were aided by strong results in the consumer-oriented e-commerce business as well as in AWS. TheAnalyst’s Disclosure: I/we have a beneficial long position in the shares of AMZN, GOOG, META, MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no busine ...

Core Insights - Amazon's recent earnings report missed expectations, particularly in e-commerce performance, with declining ROIC and poor cash flow [1] Financial Performance - In Q4 2025, Amazon achieved revenue of $213.4 billion, a year-over-year increase of 12%, with an operating profit of $25 billion impacted by one-time expenses of $2.4 billion [2] - Net profit reached $21.2 billion, reflecting a year-over-year growth of 5.94%, resulting in diluted earnings per share of $1.95, which met basic expectations [2] - Online store revenue was $82.99 billion, up 9.84% year-over-year, while physical store revenue was $5.855 billion, up 4.95% [2] - Third-party seller services generated $52.816 billion, a year-over-year increase of 11.23%, and advertising revenue was $21.317 billion, up 23.31% [2] - Subscription services brought in $13.122 billion, reflecting a year-over-year growth of 14.03% [2] - Cloud business (AWS) revenue reached $35.6 billion, with a growth rate accelerating to 24%, surpassing the consensus estimate of $34.9 billion, and operating profit was $12.5 billion [2] - AWS's annualized revenue run rate is currently $142 billion [2] Capital Expenditure and Future Outlook - Amazon has delivered over 1.4 million Trainium 2 chips, noted for their rapid scaling and cost-effectiveness, being 30% to 40% more efficient than comparable GPUs [2] - The company plans to invest approximately $200 billion in capital expenditures by mid-2026, primarily directed towards AWS, significantly exceeding the consensus estimate of $146.1 billion [2] - Cash flow for 2024 is projected at $32.878 billion, dropping to $7.695 billion in 2025 [3] Market Context - The market is questioning investment returns in the fourth year of AI, with companies like Microsoft, Meta, and Amazon facing dissatisfaction from capital markets regarding their return on investment [4][5] - There is a concern that if capital expenditures continue to rise, it could negatively impact net profits and cash flow, particularly for cloud companies starting from Q3 2025 [6]

Amazon outdid its Big Tech competitors by setting a bold target to invest $200 billion in capital expenditures across the company in 2026, as the e-commerce giant plans on aggressively bolstering artificial intelligence (AI) spending, namely to power cloud computing platform Amazon Web Services (AWS). The announcement stunned Wall Street, with company stock selling off almost 10 percent in early trading Friday. The volatile price movement capped off a weeklong fire sale across tech companies as investors ...

Market Overview - The US stock market experienced a significant surge, with the Dow Jones Industrial Average rising 650.98 points, or 1.33%, to close at 49,559.70, marking one of its strongest single-day gains of 2026 [2][18] - The S&P 500 Index increased by 79.97 points, or 1.18%, to 6,878.37, while the Nasdaq Composite rose 284.33 points, or 1.26%, to 22,824.92, pulling both indices back into positive territory for the year [1][18] - Despite the daily surge, the Nasdaq remains down approximately 3% for the week, indicating ongoing volatility in technology stocks [3][18] Company Performance - Amazon shares fell by 9.48% to $201.57 after missing quarterly earnings per share (EPS) targets, which raised concerns about its aggressive forecast of $200 billion in capital expenditures for 2026, primarily for artificial intelligence infrastructure [5][9][18] - Amazon reported an EPS of $1.95, slightly below the consensus estimate of $1.97, although its revenue of $213.39 billion exceeded expectations [8][18] - In contrast, other major tech companies like NVIDIA rebounded sharply, with NVIDIA rising 3.34%, indicating a reassessment of long-term earnings durability across Big Tech [10][18] Cryptocurrency and Commodities - Cryptocurrencies, including Bitcoin, staged a notable recovery after a sharp overnight sell-off, with Bitcoin rebounding to $68,590, up 8.4% on the day [11][18] - Gold futures increased by 1.58% to $4,966.60, reflecting continued demand for portfolio hedges amid a softer dollar and cautious central bank rate policies [14][18] - The rise in both stocks and gold suggests a portfolio rebalancing rather than fear-driven buying, as investors remain cautious about abandoning defensive assets [15][18] Sector Performance - Small-cap defensive growth plays saw significant gains, with SunOpta surging 32.19% and Wheeler Real Estate Investment Trust jumping 22.15% [16][18] - Energy stocks also performed well, with Battalion Oil rising 8.13% amid firmer oil sentiment [16][18] - China-linked electric vehicle stocks outperformed, with NIO advancing 9.79%, reflecting broader risk-on momentum across global equities [17][18]

（文章来源：每日经济新闻） 每经AI快讯，2月6日，亚马逊盘初跌幅一度达10%，为2024年8月以来的最大跌幅。 ...

Market Overview - U.S. stocks experienced a positive trading session, with the Dow Jones index increasing by over 600 points, up 1.29% to 49,537.77, while the NASDAQ rose 0.97% to 22,759.56 and the S&P 500 gained 1.02% to 6,867.68 [1] Company Performance - Amazon.com Inc. saw its shares decline approximately 9% after reporting mixed fourth-quarter financial results. The company reported net sales of $213.39 billion, reflecting a 14% year-over-year increase, surpassing the Street consensus estimate of $211.30 billion. However, earnings per share were reported at $1.95, falling short of the consensus estimate of $1.97 [2] Commodity Market - In the commodities market, oil prices decreased by 0.3% to $63.08, while gold prices increased by 1.6% to $4,969.10. Silver prices fell by 0.8% to $76.075, and copper prices rose by 0.4% to $5.8460 [3] European Market Performance - European shares showed positive movement, with the eurozone's STOXX 600 gaining 0.6%. Spain's IBEX 35 Index rose by 1.1%, London's FTSE 100 increased by 0.4%, Germany's DAX gained 0.8%, and France's CAC 40 rose by 0.3% [4] Asian Market Performance - Asian markets closed mostly lower, with Japan's Nikkei declining by 0.88%, Hong Kong's Hang Seng Index slightly increasing by 0.14%, China's Shanghai Composite falling by 0.64%, and India's BSE Sensex decreasing by 0.60% [5] Economic Indicators - The US Manheim Used Vehicle Value Index increased by 2.4% month-over-month in January, following a 0.1% growth in the previous month [6]

大型科技股多数上涨，闪迪、超威半导体涨超3%，甲骨文涨超2%，英伟达涨逾1%。 亚马逊开盘大跌9%，盘初跌幅一度扩大至10%，创 2024年8月以来最大跌幅。 消息面上，公司预计 2026年资本支出（CapEx）或将达2000亿美元，该笔巨额支出计划引发市场担忧。 | 名称 | 涨跌幅 现价 | 涨跌 | | --- | --- | --- | | 道琼斯工业平均 | 0.62% 49212.43c 303.71 | | | 纳斯达克指数 | 0.36% 22622.27c 81.68 | | | 标普500 | 0.49% 6831.76c | 33.36 | 中概股普遍上涨，纳斯达克中国金龙指数涨近1%，蔚来涨超5%，百度集团、理想汽车涨逾3%，小鹏 汽车、哔哩哔哩、小马智行涨超2%，阿里巴巴、网易、京东集团等涨逾1%。 | 名称 | 涨跌幅 ▼ | 现价 | | --- | --- | --- | | 蔚来 | 5.32% | 4.950 | | 理想汽车 | 3.93% | 18.490 | | 百度集团 | 3.14% | 143.320 | | 小马智行 | 2.98% | 13.470 | | ...