Amazon Shares (NASDAQ: AMZN) Sink 11% After Hours as Investors React to Earnings and Outlook

Amazon shares (NASDAQ: AMZN) plunged nearly 11% in after-hours trading after the company unveiled an aggressive $200 billion capital expenditure plan for 2026, significantly exceeding both prior-year spending and market expectations. While Amazon delivered solid fourth-quarter revenue growth and robust AWS performance, concerns around heavy investment spending, margin pressure, and a slight earnings miss weighed heavily on investor sentiment. The sharp reaction underscores market caution over short-term profitability risks amid Amazon’s deepening push into artificial intelligence and infrastructure expansion.