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Amazon shares traded significantly lower after the company signaled plans for aggressive spending on artificial intelligence.
The stock dropped almost 5% by market close and posted another decline of 7% in the post-market session.
Amazon announced on Thursday massive capital expenditures of around $200 billion for 2026 in the AI field.
Investors worried that the firm's heavy investment in AI infrastructure would weigh on near-term profit margins.
The tech sell-off also dragged down other major industry players following similar spending announcements.
The decline marked one of the steepest single-day drops for the company in recent months. (AA)
