Feb. 7 at 9:42 PM
Amazon shares plunged on Friday, currently down by more than 5% as investors reacted to the company’s latest quarterly report, released after Thursday’s close.
The tech giant beat quarterly top-line estimates, but forecasted capital expenditures of about
$200 billion for 2026, much higher than expected.
"AWS is accelerating with even faster growth ahead and Retail is delivering with improving efficiency. Yes, AMZN is investing (AWS, Retail, LEO), but it has a track record of showing ROIC, which leaves us bullish on this under-appreciated GenAI winner across," Morgan Stanley equity analyst Brian Nowak said in a note to clients.
$AMZN