Amazon Stock Dives 10% Despite AWS Surge: $200B AI "Capex Shock" Rattles Investors

Amazon's Q4 2025 earnings report delivered a mixed message that sent shares tumbling over 10% in after-hours trading. While the tech giant beat revenue expectations with $213.4 billion in sales and saw AWS revenue accelerate 24% to $35.6 billion, it narrowly missed earnings estimates ($1.95 EPS vs. $1.96 expected). The biggest shock came from CEO Andy Jassy’s aggressive forward guidance: a staggering $200 billion capital expenditure plan for 2026 to fund AI infrastructure. This massive spending commitment, combined with the confirmation of 16,000 corporate job cuts, has investors questioning the short-term cost of Amazon's race for AI dominance.

https://www.cnbc.com/2026/02/05/aws-q4-earnings-report-2025.html