Amazon shares fell 9% after hours Thursday as the company's plan to spend $200 billion on capex in 2026—far above Wall Street's $146B estimate—sparked fears over cash flow and profitability.
The company reported a strong holiday quarter on Thursday. But its big spending on things like artificial intelligence and satellites is starting to make investors nervous.
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Amazon (AMZN) set the bar even higher for mega cap CapEx with projections of $200 billion for 2026. Shares of the Mag 7 giant initially sold off following the announcement and earnings miss.
Amazon will host its Q4 earnings call at 5 p.m. EST, with an option to listen in on its investor relations website.
Amazon.com reported that sales rose to $213.4 billion in the fourth quarter, following a solid holiday shopping season and strong growth in the company's data-center business.
Prediction markets give Amazon 97% odds of beating earnings tonight. That's higher than any other company reporting after the bell.
UPS announced last month it would be cutting 30,000 jobs this year, after it eliminated 62,000 positions in 2025, The New York Times reported. The company's new layoffs are triggered by the company ending its relationship with Amazon, according to the report, which noted Amazon was also a leader in layoffs.
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Germany's competition watchdog ordered Amazon on Thursday to stop implementing price controls for retailers on its marketplace and told the US tech giant to return 59 million euros ($70 million) in what it deemed unfair gains.
Futures are pointing to a lower open for major indexes as technology stocks remain under pressure; Alphabet shares are losing ground after the Google parent revealed a massive increase to its AI spending plans; Amazon is scheduled to report its fourth-quarter results after the closing bell today; Qualcomm shares are tumbling after the company issued a weak outlook owing to a memory chip shortage; and bitcoin has dropped below $70,000. Here's what you need to know today.
Amazon said last week that it's shuttering its Amazon Fresh stores. Store workers are set to be paid through late April, according to a message seen by Business Insider.