AMZN Plummets Amid AI Spending Plans, Earnings Miss

Amazon.com Inc (NASDAQ:AMZN) reported a fourth-quarter earnings miss after yesterday's close and predicted $200 billion in capital expenditures for 2026 -- an over 50% increase from last year -- amid plans to "aggressively invest" in AI. In response, D.A. Davidson downgraded shares to "neutral" from "buy," while no fewer than 15 firms slashed their price objectives.AMZN is down 9.1% to trade at $202.51, and earlier gapped to its lowest level since May. The equity is eyeing its fourth-straight loss, with its ...