Amazon (AMZN) slumped in late trading on Thursday after setting the stage for massive AI spending this year. The Seattle-based e-commerce giant reported revenue was up 14% year-over-year to $213.4B, vs.

Amazon stock tanked over 10% in after-hours trading Thursday. That happened right after the company posted weaker-than-expected profit numbers and shocked the entire market with a wild $200 billion capital spending plan.

Amazon's free cash flow came under pressure in the fourth quarter, hammering home how artificial-intelligence success "is no longer about ambition" but rather "about balance-sheet endurance." That's according to Thomas Monteiro,

Amazon.com, Inc. reported solid Q4 revenue growth, reinforcing its position as a leading e-commerce provider. Learn more about AMZN stock here.

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.

AMZN stock reports Q4 earnings Thursday with AWS growth in focus as UBS raises target to $311 on capacity expansion through 2027.

There is more growth left in Amazon's tank than investors might realize.

Evidence: Free cash flow for the last twelve months fell to $14.8 billion, propelled by a $50.9 billion year-over-year surge in property and equipment acquisitions (Oct 2025), management has raised the capital expenditure forecast for 2025 to $125 billion from $118 billion and anticipates further increases in 2026.