Why did Amazon stock fall today?

Shares fell after a small Q4 EPS miss and guidance for about USD 200 billion of 2026 capex focused on AI and data centers. The spending scale raised questions about near-term margins and free cash flow. While AWS grew 24% to USD 35.6 billion, investors want clearer ROI timing on AI investments before re-rating the stock.

Is the USD 200 billion AI capex realistic or a red flag?

It is strategic but demanding. Large-scale data centers and AI infrastructure require heavy upfront capital. If utilization, pricing, and customer demand scale quickly, returns should improve. If deployment or adoption lags, free cash flow and margins could stay pressured. Track build progress, utilization rates, and management’s payback commentary.

What does AWS growth mean for the outlook?

AWS accelerating 24% to USD 35.6 billion is positive for the growth narrative. The path forward hinges on converting AI demand into high-margin services. Watch backlog, longer-term commitments, and margin commentary. If AWS margins expand while capex productivity improves, the broader business can absorb the AI investment cycle more easily.

How should Swiss investors approach Amazon stock after the drop?

Revisit allocation and risk limits. Consider USD exposure, trading costs, and volatility. Stagger buys to reduce timing risk and focus on catalysts like AWS growth, margin guidance, and capex updates. If fundamentals firm, a core position can work over a multi-year horizon; if visibility weakens, stay patient and preserve capital.

Global Market Insights

AMZN Stock Today: Q4 EPS Miss, $200B AI Capex Rattles Investors — February 06

ByHuzaifa Zahoor February 7, 2026February 7, 2026

Amazon stock fell sharply on 6 February after a small Q4 EPS miss and a much larger 2026 capex plan of USD 200 billion focused on AI and data centers. Shares traded near USD 207.4453, down 10.9639% from the prior close. AWS growth accelerated 24% to USD 35.6 billion, but investors worry about margin pressure and payback timing. Swiss investors holding AMZN should weigh FX risk, execution on AI infrastructure, and whether revenue can scale fast enough to absorb spending.