Amazon (AMZN) Tumbles on Heavy AI Spending and Cost-Cutting Amid Cautious Q1 Outlook
Amazon shares dropped 8% after hours following large AI capital expenditure plans, cost cuts, layoffs, and cautious revenue and profit forecasts for Q1 2026.
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Amazon shares dropped 8% after hours following large AI capital expenditure plans, cost cuts, layoffs, and cautious revenue and profit forecasts for Q1 2026.