What Amazon CEO Andy Jassy said on the ‘spending plan’ that wiped more than $250 billion from Amazon’s stock in one day
Amazon stock witnessed a plunge of 11% in extended trading on February 5, erasing more than $250 billion in market value after the company introduced a $200 billion capital expenditure plan for 2026. According to a report by CNBC, this was the highest plunge among the megacap tech firms, far exceeded Wall Street expectations by…