Amazon shares plunged after hours despite beating fourth-quarter revenue estimates as investors fixated on the company's planned $200 billion AI spending push, even as Jim Cramer and analysts argued the selloff overlooks Amazon's long-term growth potential across AWS and its broader business.

Amazon CEO Andy Jassy told investors that he's "confident" the company will see a return on its massive investments in artificial intelligence. The company boosted its 2026 capital expenditures to $200 billion, with most of the spending going to data centers.

Amazon's Q4 earnings call on Thursday (Feb. 5) produced the number everyone repeated: CEO Andy Jassy said Amazon expects to invest about $200 billion in capital expenditures in 2026, “predominantly in AWS,” to add capacity for AI and core cloud workloads. But the call wasn't only an AI-capex story.

Novo Nordisk has launched its Wegovy GLP-1 drug in pill form. Amazon is getting into the fight, offering ease and low costs to customers who buy the Wegovy pill on its platform.

Amazon plans $200 billion in capex this year, far more than Wall Street expected. AWS revenue growth picked up, but Amazon's profit forecast was a little light.

Trump would decide on investigations over Fed chairs: Bessent. U.S. layoffs in January hit their highest level for the start of a year since 2009.

CEO Andy Jassy struck a defiant tone in the company's conference call to discuss results, swiping at competitors and boasting about AWS's many new offerings.

Market indexes scuba-dived today: went below the surface and stayed there, across the board.

After a 3-month hiatus, I am resuming accumulation of Amazon in light of its Q4 2025 report and the subsequent stock dip. While Amazon missed EPS expectations slightly, Q4 revenue and Q1 outlook beat estimates. Despite a $200B 2026 CAPEX guide and negative near-term free cash flow projection, AMZN's dominance in cloud, ads, and retail supports long-term investments in AI.

CNBC's “Closing Bell Overtime” team discusses Amazon's 2026 guidance that includes $200 billion in capex spending and what other factors may be sending shares of the company lower after its latest earnings results with Gene Munster of Deepwater Asset Management.