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

Group 1: Earnings Expectations - Amazon is expected to report fourth-quarter earnings with an earnings per share of $1.97 and total revenue of $211.33 billion [4] - Analysts anticipate Amazon Web Services (AWS) revenue to reach $34.93 billion and advertising revenue to be $21.16 billion [4] Group 2: Cloud Revenue Growth - Cloud revenue growth is a major focus, with a previous quarter growth of 20.2%, up from 18%, and analysts predicting a 21.4% growth for the fourth quarter [1] Group 3: AI Investments and Cost-Cutting - Amazon plans to increase capital expenditures on artificial intelligence, projected to hit $125 billion in 2025, while also cutting costs by laying off approximately 16,000 employees [2] - The layoffs are part of a strategy to reduce bureaucracy and enhance innovation, aiming to operate like a "world's largest startup" [3]