Amazon posted record quarterly revenue and strong cloud growth in Q4 — but its stock sunk more than 10% in after-hours trading Thursday after the company missed Wall Street’s profit expectations and revealed plans to spend $200 billion on capital expenditures in the upcoming year.
“With such strong demand for our existing offerings and seminal opportunities like AI, chips, robotics, and low earth orbit satellites, we expect to invest about $200 billion in capital expenditures across Amazon in 2026, and anticipate strong long-term return on invested capital,” Amazon CEO Andy Jassy said in a statement.
That’s well ahead of analyst expectations, and up from the…