Amazon 's stock plunged 11% in extended trading on Thursday, dragged lower by market jitters around the company's $200 billion capex plans, the highest spending forecast among the megacap companies. The forecast is a sharp increase from Amazon's capital expenditures last year, and it was more than $50 billion above analysts' expectations. The company reported spending roughly $131 billion on purchases of property and equipment in 2025, up from about $83 billion in the year prior. Tech companies