Amazon Shares Plummet
The share price fell nearly 5% by the end of trading and suffered an additional 7% drop during the after-hours session.
On Thursday, Amazon disclosed plans for massive capital expenditures totaling approximately $200 billion for 2026 in the AI sector.
Investors expressed concern that the company's substantial investment in AI infrastructure could pressure short-term profit margins.
The broader technology market was also affected, as other leading industry firms saw their stocks fall following similar spending announcements.
This downturn represented one of the most significant single-day losses for Amazon in recent months.
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