Amazon's shares fall after announcing surge in capital spending but posts strong 4Q holiday sales
NEW YORK (AP) — Amazon sales surged 14% during the fourth quarter, helped by strong holiday spending and a better-than-expected growth in its prominent cloud computing unit. But shares fell 11% in after hours trading on Thursday as investors appeared to be spooked by the Seattle-based tech company's plans to increase capital spending by nearly 60% to $200 billion from last year's $128 billion as it sees opportunities in artificial intelligence, robots, semiconductors and satellites. The also...
Read MoreThu, 05 Feb 2026
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