Core Viewpoint - Amazon's fourth quarter financial results were described as "healthy," but the high capital expenditure (Capex) guidance has triggered a "prove it mode" for investors, indicating a need for tangible returns before regaining confidence [1][2]. Financial Performance - Amazon's quarterly results were characterized as "solid," with positive guidance noted by analysts [2][3]. - The company is expected to experience slight cash burn due to aggressive Capex plans, estimated at $200 billion, which positions 2026 as an "AI investment year" [3][4]. Growth Opportunities - Analysts identified several areas for margin improvement for Amazon, including fulfillment, AWS, and advertising [2]. - Strong demand for AWS and AI products is seen as potentially undervalued by investors, with AWS doubling its capacity relative to 2022 and projected to double again by 2027 [2][6]. Market Position - AWS is recognized as a key growth driver, with accelerating demand for cloud and AI products, and Amazon is expected to continue gaining market share due to strong relationships and technology [3][6]. - Amazon's strategy integrates its cloud computing and eCommerce operations, aligning with long-term plans for AI and commerce [4][5]. Stock Performance - Amazon's stock has decreased by 9.3% to $201.98, with a year-to-date decline of 10.9% in 2026 [6].

Imagine a number, then triple it. You know, that's where I'm at right now. I just can't get my head around an old mandate.How are these companies going to spend $650 billion this year. What aren't. Yeah.Look, I mean, I think everyone highlighted supply constraints and the fact that they didn't have enough capacity, otherwise they would have grown faster. So that sort of justifies the increase in CapEx. But you're right, I think the kind of increases we are seeing, probably Google is the only one who has ear ...

Welcome back. A busy week for the markets. Let's get right to our panel.Matt Mey is the chief market strategist at Miller Tayback. Barbara Durant is the chief investment officer at BD8 Capital Partners. And Raj Patel is the global macro macro strategist at Vanda Research.It's great to have you all here. Of course, I got to start with the markets. Um, obviously it's been a topsyturvy week.You got a VIX at 20 right now, which is actually off the highs of the week. But Matt Mey, I mean, you've seen a number of ...

亚马逊(AMZN.US)一度跌超10%，为2024年8月以来最大跌幅，股价跌至200.31美元，创2025年5月以来 新低。主要受市场对其高达2000亿美元资本支出计划的担忧拖累。这是所有大型科技公司中最高的支出 规模，相比亚马逊去年的资本开支大幅上调50%，比分析师预期高出逾500亿美元。 在回应市场担忧时，亚马逊CEO安迪·贾西表示，他对公司云业务实现"强劲的投资回报率"充满信心， 但并未给出明确时间表。贾西回应称，公司之所以需要如此规模的资本投入，是为了满足对亚马逊AI 算力极其旺盛的需求，这需要大量数据中心、芯片和网络设备等基础设施。"这并不是什么盲目追求营 收规模的豪赌，"贾西表示，"我们有信心这些投资将带来强劲的资本回报。这一点在AWS核心业务上 已经得到验证，相信在AI领域也会如此。"贾西说，"如果算力供给更充足，AWS的增长本可以更快。 因此我们正在非常灵活、非常拼命地扩张产能。" ...

Market Overview - The U.S. stock market indices experienced a significant rebound, with all three major indices rising over 1% as of February 6, 22:50 Beijing time, indicating a recovery from previous sell-offs in AI stocks [1][2] - Major technology stocks saw substantial gains, with Nvidia up 5.6%, AMD up 7%, and Broadcom up 5.1%, driven by renewed interest in AI infrastructure following Amazon's announcement of a $200 billion capital expenditure plan [1][2] Precious Metals - The precious metals market also saw a strong recovery, with spot gold rising 3.39% to $4,939.35 per ounce and spot silver increasing 7.22% to $76.02 per ounce as of the same time [2][3] - Morgan Stanley's report suggests that the long-term bullish trend for gold remains intact, supported by a weak dollar environment, as long as the dollar index stays below 100 [3] Geopolitical Developments - Recent negotiations between Iran and the U.S. in Muscat, Oman, have concluded temporarily, with both sides agreeing to continue discussions, which may impact market sentiment and geopolitical stability [4][5] - The situation remains tense, with Iran expressing readiness to respond to any military actions, particularly in light of increased U.S. military presence in the region [5]

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]