Amazon stock (NASDAQ:AMZN) closed at $210.32, down 5.55%, after announcing plans for $200 billion in 2026 capital expenditures. Trading volume hit 178.4 million shares, significantly higher than the three-month average. Amazon has grown 214,694% since its 1997 IPO.

The S&P 500 rose 1.94% to 6,930, while the Nasdaq Composite climbed 2.18% to 23,031. Industry peers Alibaba closed at $162.49, up 3.00%, and Walmart finished at $131.18, rising 3.34%, surpassing Amazon’s decline.

Amazon’s stock dropped nearly 6% due to mixed earnings and a $200 billion capex plan for AI initiatives. Despite this, sales and cash flow grew in Q4. AWS backlog increased by 40%, and the custom AI chips business reached $10 billion in sales.

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Disclaimer: The author has no positions in the mentioned stocks. The Motley Fool has positions in Amazon and Walmart, recommending Alibaba Group. Opinions expressed are the author’s and not Nasdaq, Inc.’s.

Read more at Nasdaq: Stock Market Today, Feb. 6: Amazon Falls After $200 Billion AI and Cloud Spending Plan Raises Cash Flow Concerns