Amazon stock falls 10% after it announces $200-bn spending push

Amazon shares dropped more than 10% after it announced a massive $200-billion jump in capex in 2025. This marks a significant rise from the $131 billion it spent last year, pushing Amazon ahead of Meta, Google, and Microsoft. Despite a 23% revenue increase YoY, Amazon announced 16,000 job cuts last week, following 14,000 layoffs in October 2025.