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Amazon (AMZN) Shares Dive Nearly 10% on Cautious Q1 Forecast and Layoffs Amid AI Spending

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Amazon’s Q4 sales rose to $213.4B with $21.2B profit, matching estimates.
  • Despite AI investments, layoffs and cost cuts spooked investors, prompting a nearly 10% share drop after forecasting cautious Q1 revenue and profit.
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AMZN price history

253.54 +10.39% over the displayed period

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