Shares of Amazon.com (NASDAQ: AMZN) dropped 12% after the company announced plans for $200 billion in capital expenditures by 2026. Despite strong fourth-quarter results with revenue up 14% to $213 billion, operating income up 18% to $25 billion, and growth in retail, advertising, and cloud businesses, investors were spooked by the higher-than-expected capex. CEO Andy Jassy cited demand for AI, chips, robotics, and satellite internet as reasons for the increased spending. Before buying Amazon stock, consider other top stock picks recommended by The Motley Fool’s Stock Advisor team for potential high returns.

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