Friday’s intraday low is also the lowest since May 2025, pushing the stock’s year-to-date loss to 12.5%. Chief Executive Officer Andy Jassy said the spending would go “predominantly” toward Amazon Web Services (AWS), with most of it allocated for AI workloads. The higher spending is expected to weigh on profits, with Amazon forecasting operating income for the current quarter between $16.5 billion and $21.5 billion. Microsoft Corp and Alphabet Inc, which reported results earlier, also increased spending beyond expectations, sending their shares lower amid concerns that AI demand may not justify the massive investments. Also Read | Amazon faces obstacles in expanding data center footprint in EuropeThe results come as Amazon continues to reduce its workforce.

Source: Mint February 06, 2026 15:30 UTC