Amazon’s $200B AI spending plan jolts investors after Q4 earnings drop
Amazon said it plans about $200 billion in capital spending by 2026, focusing on AI. Shares fell nearly 8% in after-hours trading after first-quarter profit guidance missed Wall Street estimates. Fourth-quarter sales rose 14% to $213.4 billion, with AWS revenue up 24%. Free cash flow dropped to $11.2 billion due to increased investment.