Amazon stock sinks 10% on $200B capex plan

Amazon shares dropped over 10% after Q4 earnings missed estimates at $1.95 EPS despite record $213.4B revenue. CEO Andy Jassy announced plans to spend $200B in capital expenditures in 2026 — up from $125B in 2025 — largely targeting AI infrastructure, chips, robotics, and low earth orbit satellites. AWS grew 24% YoY to $35.6B, its fastest pace in three years.