Amazon (NASDAQ: AMZN) Stock Drops After Weak Q1 Outlook, $200B Capex Plan

We’re seeing notable headwinds for Amazon (NASDAQ: AMZN). Shares slid sharply after the company released its latest earnings update and future outlook. That drop came even though Amazon reported strong revenue growth and cloud performance. The main triggers were a weaker‑than‑expected profit forecast for the first quarter and an ambitious plan to spend about $200 billion on capital expenditures in 2026, far above what Wall Street had expected. This news sent shockwaves through markets. Investors are now debating whether this spending spurt signals heavy long‑term investment or excessive near‑term risk.