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%

Amazon raked in a record $213.4 billion in revenue for Q4 2025 but shares fell after the company forecast $200 billion in capital spending for 2026.

Amazon shares plunged after the tech giant reported mixed fourth-quarter earnings and issued an aggressive forecast for 2026 spending on AI. Revenue for the October-to-December period edged Wall Street analysts’ consensus estimates,

Meanwhile, the company reported earnings per share (EPS) of $1.95 per diluted share, compared to $1.86 in the fourth quarter of 2024 and below analyst expectations of $1.97 as per Stocktwits data. ・The company also boosted its capital expenditure for 2026,

Amazon stock slid late Thursday after the tech giant reported mixed fourth-quarter results and gave a capex forecast way above views.

Amazon’s shopping cart spilled over in the fourth quarter of 2025: The ecommerce behemoth raked in a record $213.4 billion in revenue that beat Wall Street expectations. The company’s shares fell in after-hours trading Thursday after Amazon said it expected $200 billion in capital spending for 2026 as it races to compete in the AI

Amazon posted record quarterly revenue and strong cloud growth in Q4 — but its stock fell after the company revealed its capital expenditure plans for 2026.

CNBC's Kate Rooney reports on what is driving Amazon shares lower after the company reported its fourth-quarter earnings results.