Amazon shares crash 10% to 8-month low amid investor concerns over massive AI spending

Amazon Inc shares tumbled sharply during Friday’s session on Nasdaq, immediately after the opening bell, following the company’s mixed fourth-quarter earnings and its announcement to boost the 2026 spending forecast to $200 billion.

After over 4.4% drop in the previous session, the stock opened with a steep gap down at $200.70 and hit an intraday low of $200.30 on 6 February, down about 10% from the previous close of $222.70.