Amazon plans $200B AI spending surge, sinking stock after earnings

Cloud giant Amazon (AMZN) reported its fourth quarter results after the bell on Thursday, as a miss on its Q1 operating income estimate and a massive expansion in capex for 2026 sent shares plunging. Amazon stock fell around 10% in early trading Friday. Amazon said it anticipates Q1 operating income of between $16.5 billion and $21.5 billion, below analysts' expectations of $22.2 billion. On top of that, the company said it will spend upward of $200 billion on capex for the year, a massive jump from the ...