Amazon Shares Fall After $200B AI Plan as Jeff Bezos Cuts Jobs

Amazon shares fell as much as 11% after Andy Jassy announced a $200B capital expenditure plan for 2026 focused on artificial intelligence and robotics.The massive spending surge coincided with news that the Washington Post, owned by Jeff Bezos, is cutting approximately one-third of its workforce.Despite the stock drop, Amazon reported a 24% revenue increase for its cloud division, Amazon Web Services, while advertising revenue grew to $21.3B.